Construction Cost Handbook PHILIPPINES 2019
Arcadis Philippines Inc. 1 2 Handbook Cover Photos: 1. BenPres Redevelopment - (top left) 3 2. One Vertis Plaza - (top right) 3. Uniqlo Flagship Store Manila - Glorietta (bottom) The following handbook of information relating to the construction industry has been compiled by:
Arcadis Philippines Inc. 25F, Circuit Corporate Center One Theater Drive, Circuit Makati, A.P. Reyes Street, Brgy. Carmona, Makati City 1207, Philippines
Telephone : (632) 908 2888 Email : [email protected] Website : www.arcadis.com/asia
© Arcadis Philippines Inc. 2019
All rights reserved. No part of this publication may be re-produced or copied in any form without prior written permission from Arcadis Philippines Inc.
The information contained herein should be regarded as indicative and for general guidance only. Whilst every effort has been made to ensure accuracy, no responsibility can be accepted for errors and omissions, however caused.
If advice concerning individual projects is required, we would be happy to assist.
Unless otherwise stated, costs reflected in this handbook are anticipated Manila costs in 4th Quarter 2018.
Arcadis Philippines Inc. would like to acknowledge the assistance of Jones Lang LaSalle in providing additional data and information for this publication.
INTRODUCTION TABLE OF CONTENTS
Index Calendar 3 About ARCADIS Philippines Inc. 5 Our Core Values 6 Quality Policy Statement 7
1. CONSTRUCTION COST DATA Construction Costs for Selected Asian Cities 9 M & E Costs for Selected Asian Cities 15 Construction Costs for Philippines 21 M & E Services Costs for Philippines 23 Construction Cost Specification 25 Major Rates for Selected Asian Cities 27 Retail Prices of Basic Construction 33 Materials for Philippines Unit Costs for Ancillary Facilities for Philippines 37 M & E Major Plant Costs for Philippines 39 Fit-out Costs for Philippines 41 Kitchen Equipment Cost for Philippines 44
2. GENERAL CONSTRUCTION DATA Trends in Construction Costs for Philippines 47 Construction Value 48 Construction Activity 49 Lead Time of Different Packages 50 Utility Costs for Selected Asian Cities 52 Estimating Rules of Thumb 54 Progress Payments 58 Construction Materials Wholesale Price Index 2018 60 Minimum Wage 63 Annual Average of Construction Materials Wholesale 64 Price Index (CMWPI) in NCR
1 TABLE OF CONTENTS 3. PROPERTY COMMENTARY Commercial 69 Residential 70 Retail 71 Hotels and Serviced Apartments 73
4. FINANCIAL Philippines Key Data 77 Economic Highlights 78 Financial Definitions 79 Financial Formulae 80 Mortgage Repayment Table 81 Consumer Price Index 82 Exchange Rates 83 Currency Charts 85 Prime Rates 89 Manila Reference Rate 90
5. OTHER INFORMATION Philippine Map 93 Public Holidays 94 IDD Codes & Time Differences 102 Conversion Factors 104 Arcadis Professional Services | Cost Management 106 Environmental Sustainability 108 Project & Programme Management 115 Water Consultancy 116 PPP & Infrastructure Consultancy 118 Quality System 120 Arcadis Asia Sectors & Services 123 Arcadis Asia Leadership Team 129 Arcadis Philippines Leadership Team 131 International Directory of Arcadis Offices 132
TABLE OF CONTENTS 2 CALENDARS
2018 JANUARY FEBRUARY MARCH S M T W T F S S M T W T F S S M T W T F S 1 2 3 4 5 6 1 2 3 1 2 3 7 8 9 10 11 12 13 4 5 6 7 8 9 10 4 5 6 7 8 9 10 14 15 16 17 18 19 20 11 12 13 14 15 16 17 11 12 13 14 15 16 17 21 22 23 24 25 26 27 18 19 20 21 22 23 24 18 19 20 21 22 23 24 28 29 30 31 25 26 27 28 25 26 27 28 29 30 31
APRIL MAY JUNE S M T W T F S S M T W T F S S M T W T F S 1 2 3 4 5 6 7 1 2 3 4 5 1 2 8 9 10 11 12 13 14 6 7 8 9 10 11 12 3 4 5 6 7 8 9 15 16 17 18 19 20 21 13 14 15 16 17 18 19 10 11 12 13 14 15 16 22 23 24 25 26 27 28 20 21 22 23 24 25 26 17 18 19 20 21 22 23 29 30 27 28 29 30 31 24 25 26 27 28 29 30
JULY AUGUST SEPTEMBER S M T W T F S S M T W T F S S M T W T F S 1 2 3 4 5 6 7 1 2 3 4 1 8 9 10 11 12 13 14 5 6 7 8 9 10 11 2 3 4 5 6 7 8 15 16 17 18 19 20 21 12 13 14 15 16 17 18 9 10 11 12 13 14 15 22 23 24 25 26 27 28 19 20 21 22 23 24 25 16 17 18 19 20 21 22 292 30 31 0 26 27 28 29 301 31 23/30 24 25 826 27 28 29 OCTOBER NOVEMBER DECEMBER S M T W T F S S M T W T F S S M T W T F S 1 2 3 4 5 6 1 2 3 1 7 8 9 10 11 12 13 4 5 6 7 8 9 10 2 3 4 5 6 7 8 14 15 16 17 18 19 20 11 12 13 14 15 16 17 9 10 11 12 13 14 15 21 22 23 24 25 26 27 18 19 20 21 22 23 24 16 17 18 19 20 21 22 28 29 30 31 25 26 27 28 29 30 23 24 25 26 27 28 29 30 31
2019 JANUARY FEBRUARY MARCH S M T W T F S S M T W T F S S M T W T F S 1 2 3 4 5 1 2 1 2 6 7 8 9 10 11 12 3 4 5 6 7 8 9 3 4 5 6 7 8 9 13 14 15 16 17 18 19 10 11 12 13 14 15 16 10 11 12 13 14 15 16 20 21 22 23 24 25 26 17 18 19 20 21 22 23 17 18 19 20 21 22 23 27 28 29 30 31 24 25 26 27 28 24/31 25 26 27 28 29 30
APRIL MAY JUNE S M T W T F S S M T W T F S S M T W T F S 1 2 3 4 5 6 1 2 3 4 1 7 8 9 10 11 12 13 5 6 7 8 9 10 11 2 3 4 5 6 7 8 14 15 16 17 18 19 20 12 13 14 15 16 17 18 9 10 11 12 13 14 15 21 22 23 24 25 26 27 19 20 21 22 23 24 25 16 17 18 19 20 21 22 28 29 30 26 27 28 29 30 31 23/30 24 25 26 27 28 29
JULY AUGUST SEPTEMBER S M T W T F S S M T W T F S S M T W T F S 1 2 3 4 5 6 1 2 3 1 2 3 4 5 6 7 7 8 9 10 11 12 13 4 5 6 7 8 9 10 8 9 10 11 12 13 14 14 15 16 17 18 19 20 11 12 13 14 15 16 17 15 16 17 18 19 20 21 21 22 23 24 25 26 27 18 19 20 21 22 23 24 22 23 24 25 26 27 28 282 29 30 31 0 25 26 27 28 291 30 31 29 30 9
OCTOBER NOVEMBER DECEMBER S M T W T F S S M T W T F S S M T W T F S 1 2 3 4 5 1 2 1 2 3 4 5 6 7 6 7 8 9 10 11 12 3 4 5 6 7 8 9 8 9 10 11 12 13 14 13 14 15 16 17 18 19 10 11 12 13 14 15 16 15 16 17 18 19 20 21 20 21 22 23 24 25 26 17 18 19 20 21 22 23 22 23 24 25 26 27 28 27 28 29 30 31 24 25 26 27 28 29 30 29 30 31
3 CALENDARS 2020 JANUARY FEBRUARY MARCH S M T W T F S S M T W T F S S M T W T F S 1 2 3 4 1 1 2 3 4 5 6 7 5 6 7 8 9 10 11 2 3 4 5 6 7 8 8 9 10 11 12 13 14 12 13 14 15 16 17 18 9 10 11 12 13 14 15 15 16 17 18 19 20 21 19 20 21 22 23 24 25 16 17 18 19 20 21 22 22 23 24 25 26 27 28 26 27 28 29 30 31 23 24 25 26 27 28 29 29 30 31
APRIL MAY JUNE S M T W T F S S M T W T F S S M T W T F S 1 2 3 4 1 2 1 2 3 4 5 6 5 6 7 8 9 10 11 3 4 5 6 7 8 9 7 8 9 10 11 12 13 12 13 14 15 16 17 18 10 11 12 13 14 15 16 14 15 16 17 18 19 20 19 20 21 22 23 24 25 17 18 19 20 21 22 23 21 22 23 24 25 26 27 26 27 28 29 30 24/31 25 26 27 28 29 30 28 29 30
JULY AUGUST SEPTEMBER S M T W T F S S M T W T F S S M T W T F S 1 2 3 4 1 1 2 3 4 5 5 6 7 8 9 10 11 2 3 4 5 6 7 8 6 7 8 9 10 11 12 12 13 14 15 16 17 18 9 10 11 12 13 14 15 13 14 15 16 17 18 19 19 20 21 22 23 24 25 16 17 18 19 20 21 22 20 21 22 23 24 25 26 26 27 28 29 30 31 23 24 25 26 27 28 29 27 28 29 30 ` 2 030 31 20 OCTOBER NOVEMBER DECEMBER S M T W T F S S M T W T F S S M T W T F S 1 2 3 1 2 3 4 5 6 7 1 2 3 4 5 4 5 6 7 8 9 10 8 9 10 11 12 13 14 6 7 8 9 10 11 12 11 12 13 14 15 16 17 15 16 17 18 19 20 21 13 14 15 16 17 18 19 18 19 20 21 22 23 24 22 23 24 25 26 27 28 20 21 22 23 24 25 26 25 26 27 28 29 30 31 29 30 27 28 29 30 31
2021 JANUARY FEBRUARY MARCH S M T W T F S S M T W T F S S M T W T F S 1 2 1 2 3 4 5 6 1 2 3 4 5 6 3 4 5 6 7 8 9 7 8 9 10 11 12 13 7 8 9 10 11 12 13 10 11 12 13 14 15 16 14 15 16 17 18 19 20 14 15 16 17 18 19 20 17 18 19 20 21 22 23 21 22 23 24 25 26 27 21 22 23 24 25 26 27 24/31 25 26 27 28 29 30 28 28 29 30 31
APRIL MAY JUNE S M T W T F S S M T W T F S S M T W T F S 1 2 3 1 1 1 2 3 4 5 4 5 6 7 8 9 10 2 3 4 5 6 7 8 6 7 8 9 10 11 12 11 12 13 14 15 16 17 9 10 11 12 13 14 15 13 14 15 16 17 18 19 18 19 20 21 22 23 24 16 17 18 19 20 21 22 20 21 22 23 24 25 26 25 26 27 28 29 30 23 24 25 26 27 28 29 27 28 29 30 30 31 JULY AUGUST SEPTEMBER S M T W T F S S M T W T F S S M T W T F S 1 2 3 1 2 3 4 5 6 7 1 2 3 4 4 5 6 7 8 9 10 8 9 10 11 12 13 14 5 6 7 8 9 10 11 11 12 13 14 15 16 17 15 16 17 18 19 20 21 12 13 14 15 16 17 18 18 19 20 21 22 23 24 22 23 24 25 26 27 28 19 20 21 22 23 24 25 252 26 27 28 29 30 310 29 30 31 226 27 28 129 30
OCTOBER NOVEMBER DECEMBER S M T W T F S S M T W T F S S M T W T F S 1 2 1 2 3 4 5 6 1 2 3 4 3 4 5 6 7 8 9 7 8 9 10 11 12 13 5 6 7 8 9 10 11 10 11 12 13 14 15 16 14 15 16 17 18 19 20 12 13 14 15 16 17 18 17 18 19 20 21 22 23 21 22 23 24 25 26 27 19 20 21 22 23 24 25 24/31 25 26 27 28 29 30 28 29 30 26 27 28 29 30 31
CALENDARS 4 ABOUT US
ARCADIS PHILIPPINES INC.
Arcadis is a global Design & Consultancy firm for natural and built assets. Applying our deep market sector insights and collective design, consultancy, engineering, project and management services we work in partnership with our clients to deliver exceptional and sustainable outcomes throughout the lifecycle of their natural and built assets.
Arcadis Philippines Inc. is the country’s leading provider of construction consultancy services for natural and built assets. We are a firm recognized for creating value for our clients and improving the quality of life, creating solutions based on a blend of services. Having worked on various projects nationwide, covering both the private and public sectors. Our diverse set of services cater for infrastructure, residential, commercial, industrial, education, health care, recreation facilities, hospitality and interior fit outs projects. The company’s experience allows it to continue leading and setting the standards for consultancy services within the Philippine Construction Market.
Key Facts
Offices in Manila and Cebu
300 consultants
Diversified Business Lines: Cost Management | Project & Programme Management | Environmental Sustainability | Water Consultancy | Design & Engineering | PPP & Infrastructure Consultancy | Construction Loan Monitoring
Over 1000 projects nationwide
Over 35 years of experience delivering high performance projects in the Philippines
5 ARCADIS PHILIPPINES OUR CORE VALUES
People First
We care for each other and create a safe and respectful working environment where our people can grow, perform, and succeed.
Integrity
We always work to the highest professional and ethical standards and establish trust by being open, honest and responsible.
Client Success
We are passionate about our clients’ success and bring insights, agility, and innovation to co-create value.
Collaboration
Offices in Manila and Cebu We value the power of diversity and our global capabilities and deliver excellence by working as 300 consultants One Arcadis. Diversified Business Lines: Cost Management | Project & Programme Management | Environmental Sustainability | Water Consultancy | Sustainability Design & Engineering | PPP & Infrastructure Consultancy | Construction Loan Monitoring We base our actions for clients and communities on environmental Over 1000 projects nationwide responsibility and social and economic advancement.
Over 35 years of experience delivering high performance projects in the Philippines
ARCADIS PHILIPPINES 6 QUALITY POLICY STATEMENT
QUALITY POLICY STATEMENT
Our policy is to be the leading Cost Management, Environmental Sustainability, Water Consultancy, Project and Program Management firm in the Philippines providing the highest level of excellence in professionalism and integrity, working on modern, leading edge projects – integrating and coordinating each of our business lines.
Each process within the Company that determines the quality of our services shall be managed and controlled in a planned and systematic manner in accordance with our quality system documents with the highest integrity, impartiality and independency.
We see our quality system as a valuable tool and mechanism to promote, instill, further develop and bring about opportunities for improvement to our staff and our internal processes.
Essential to an effective quality system is our belief in continuous investment in professional development and structured training of our staff at all levels in core skills and knowledge.
All staff members are required to comply with this policy statement, be responsible for the quality of their work, and provide consistently high standard of service to our clients.
7 QUALITY POLICY STATEMENT CONSTRUCTION COST DATA 1
Construction Costs for Selected Asian Cities M & E Costs for Selected Asian Cities
Construction Costs for Philippines
M & E Services Costs for Philippines
Construction Cost Specification
Major Rates for Selected Asian Cities Retail Prices of Basic Construction Materials for Philippines Unit Cost for Ancillary Facilities for Philippines M & E Major Plant Costs for Philippines
Fit-out Costs for Philippines Kitchen Equipment Costs for Philippines 1 CONSTRUCTION COST DATA
CONSTRUCTION COSTS FOR SELECTED ASIAN CITIES 962 871 565 - 1,986 - 1,207 - 886 - 1,268 - 1,680 - 810 - 794 - 1,176 BANGKOK 978 794 - 703 - 458 - 871 1,711 840 1,146 1,466 626 642 * ^ * # 980 715 745 345 580 1,120 1,000 1,395 2,175 2,435 1,255 ------345 710 220 740 1,020 - 550 575
680 1,720 1,940 865
KUALA LUMPUR KUALA # # CFA 3,115 3,115 2 - 1,485 - 3,045 - 1,920 - 2,900 - 1,920 - 2,100 - 2,245 - 2,355 - - - 2,030 SINGAPORE US$/m 1,305 2,030 1,705 2,175 1,705 1,920 2,030 2,140 1,920 2,755 2,755
- 3,570 - 4,690 - 4,860 - 3,500 - 4,260 - 4,720 - 4,160 - 4,720 - 5,460 - 3,540 6,140 up HONG KONG
3,060 4,020 4,130 2,990 3,630 3,950 3,840 4,020 4,720 2,970
917 935 - 1,135 - 2,107 - 2,724 - 1,076 - 1,390 - 1,508 - 1,312 - 1,607 - 2,524 MANILA 937 762 - 933 762 - 1,265 1,631 1,264 1,093 1,195 1,347 1,851
BUILDING TYPE standard CONSTRUCTION COSTS FOR SELECTED ASIAN CITIES CONSTRUCTION COSTS FOR SELECTED DOMESTIC Apartments, high rise, average standard Apartments, high rise, end houses, average standard Terraced Detached houses, high end OFFICE / COMMERCIAL Medium/high rise offices, average standard High rise offices, prestige quality Out-of-town shopping centre, average Retail malls, high end HOTELS mid market Budget hotels - 3-star, Business hotels - 4/5-star Luxury hotels - 5-star
9 CONSTRUCTION COST DATA
611
733
299
N/A N/A N/A N/A
489 -
550 -
183 -
BAHT 32.73 BAHT
N/A
+
^^
430
520 530
345
730
305
360
- 1,155
RM 4.18
320 -
430 - 310 -
220 - 295 - 250 -
595 -
855 per unit; excluding air-conditioning, kitchen cabinets 2
- 83m
^ 2
930
930
- 1,255
- 1,705
- 2,100
- 2,900
S$ 1.38
725 -
930 640 -
1,560
1,955
2,755 and home appliances ^Excluding air-conditioning, kitchen cabinets and home appliances * Exclude tenant fit-out + Schools with standard government provisions ^^ Student hostels to university standard and contingencies Rates exclude VAT (normally under tenant's fit-out) ^ Open on all sides with parapet 46m # 6 - 12 units per floor, Rates are nett of GST and exclusive of contingencies Rates are nett of GST # Includes raised floor and ceiling to tenanted areas but excludes office carpets
N/A
N/A
2,950
3,840 2,280
2,710 3,310
4,450
5,580
-
- -
- -
-
-
N/A Bangkok Kuala Lumpur
Singapore
HK$ 7.82
2,330
3,200 1,920
2,520 2,930
3,820
4,950
789
610 661
952 937
538
- 1,699
- 1,523
PHP 52.88 PHP
685 -
494 - 475 -
701 - 742 -
485 -
1,186
1,287
Rates are exclusive of contingencies Offices of average standard are built to the following provisions: (i) Curtain wall/window wall facade painted wall and ceiling are with screeded floor, Tenant (ii)
industry
weight
(<4 levels)
centres (dry sports)
single storey framed units)
INDUSTRIAL Industrial units, shell only (Conventional
Owner operated factories, low rise, light
OTHERS Underground/basement car parks (<3 levels) Underground/basement car parks (<3 Multi storey car parks, above ground
Schools (primary and secondary) Students' residences Sports clubs, multi purpose sports/leisure
General hospitals - public sector Exchange Rate Used : US$1 = Manila Rates include 12% VAT Hong Kong Schools (primary and secondary) are of public authority standard, no a/c complete with basic external works. The above cost are at 4th Quarter 2018 Levels, inclusive of preliminaries but exclusive contingencies. (Cont'd)
CONSTRUCTION COST DATA 10 1 CONSTRUCTION COST DATA
CONSTRUCTION COSTS FOR SELECTED
ASIAN CITIES
2,120
1,710
920
1,185
875
605
510
940
800
-
-
-
-
-
-
-
-
-
N/A
N/A
705
870
755
495
435
820
645
HO CHI MINH ~ MINH CHI HO
1,765
1,400
1,759
1,508
905
639
461
576
471
550
419
1,047
660
-
-
-
-
-
-
-
-
-
-
-
INDIA # INDIA
398
869
576
817
592
424
544
435
525
1,607
1,272
CFA 2 2
(Cont'd)
US$/m
2,030
1,827
1,461
730
675
1,174
789
1,165
498
1,124
817
-
-
-
-
-
-
-
-
JAKARTA + JAKARTA
611
712
675
383
996
722
- 1,801
- 1,691
- 1,237
1,050
1,042
6,621
5,602
3,909
4,686
3,705
3,705
3,387
6,163
4,635
4,864
2,788
MACAU = MACAU
- 5,602
- 4,686
- 3,451
- 3,884
- 2,470
- 3,387
- 2,623
- 4,737
- 3,884
- 3,183
- 2,279
BUILDING TYPE BUILDING standard
CONSTRUCTION COSTS FOR SELECTED ASIAN CITIES CONSTRUCTION COSTS FOR SELECTED
Luxury hotels - 5-star - hotels Luxury
Business hotels - 4/5-star - hotels Business
Budget hotels - 3-star, mid market mid 3-star, - hotels Budget
HOTELS
Retail malls, high end high malls, Retail
Out-of-town shopping centre, average centre, shopping Out-of-town
High rise offices, prestige quality prestige offices, rise High
Medium/high rise offices, average standard average offices, rise Medium/high
OFFICE / COMMERCIAL / OFFICE
Detached houses, high end high houses, Detached
Terraced houses, average standard average houses, Terraced
Apartments, high rise, high end high rise, high Apartments,
Apartments, high rise, average standard average rise, high Apartments, DOMESTIC
11 CONSTRUCTION COST DATA 695 765 390 460 450 590 855 ------N/A 540 640 310 350 410 540 800 VND 22,600 340 628 324 309 723 398 424 252 ------INR 71.9 309 285 - 602 - 340 660 288 361 230 356 392 356 619 1,640 N/A N/A N/A IDR 15,180 327 - 355 - 327 - 505 - 1,095 - Rates are based on projects in Bangalore and are nett of GST. Mumbai costs are generally 8% higher. Mumbai costs are generally 8% higher. Rates are based on projects in Bangalore and nett of GST. and contingencies Rates are nett of VAT
India Ho Chi Minh 1,490 3,005 2,623 2,088 - - - - N/A N/A N/A N/A MOP 8.07 MOP 1,133 2,050 2,266 1,795 Rates are exclusive of contingencies and any management contract fee Rates are nett of VAT industry
weight (<4 levels) centres (dry sports) single storey framed units) The above costs are 4th Quarter 2018 levels. inclusive of preliminaries unless otherwise stated. Macau Jakarta INDUSTRIAL Industrial units, shell only (Conventional Owner operated factories, low rise, light OTHERS levels) Underground/basement car parks (<3 Multi storey car parks, above ground Schools (primary and secondary) Students' residences Sports clubs, multi purpose sports/leisure General hospitals - public sector Exchange Rate Used : US$1 = (Cont'd)
CONSTRUCTION COST DATA 12 1 CONSTRUCTION COST DATA
CONSTRUCTION COSTS FOR SELECTED ASIAN CITIES 912 661 541 682 - 1,025 - 1,520 - 1,505 - 1,149 - 1,189 - 2,592 - 2,188 CHENGDU 882 706 - 552 - 445 - 591 - 907 958 CHONGQING / 1,122 1,067 1,747 2,159
860 822 590 446 609 958 - 1,361 - 1,521 - 1,084 - 2,273 - 2,386 777 - 749 - 534 - 405 - 553 - 874 - 985 SHENZEN / 1,132 1,088 1,592 2,165 GUANGZHOU = CFA 2
US$/m 873 673 522 749 (Cont'd) - 1,154 - 1,895 - 1,626 - 1,690 - 1,191 - 2,132 - 2,646 BEIJING = 857 653 - 613 - 447 - 673 - 966 1,154 1,181 1,484 1,615 2,057
740 477 740 1,169 2,120 2,538 1,156 1,445 1,585 1,697 - - N/A 668 - 868 - 952 - SHANGHAI = 1,554 - 446 666 1,158 - 1,228 - 1,556 - - 2,117
BUILDING TYPE standard DOMESTIC Apartments, high rise, average standard Apartments, high rise, end houses, average standard Terraced Detached houses, high end OFFICE / COMMERCIAL Medium/high rise offices, average standard High rise offices, prestige quality Out-of-town shopping centre, average Retail malls, high end HOTELS mid market Budget hotels - 3-star, Business hotels - 4/5-star Luxury hotels - 5-star CONSTRUCTION COSTS FOR SELECTED ASIAN CITIES CONSTRUCTION COSTS FOR SELECTED
13 CONSTRUCTION COST DATA 542 589 487 405 N/A N/A N/A N/A RMB 6.94 426 - 413 - 438 - 324 -
832 547 820 448 297 404 - N/A N/A 497 - 513 - 407 - 264 - 367 - 754 RMB 6.94
329 820 671 520 897 598 454 - 1,465 RMB 6.94 270 - 746 - 520 - 368 - 890 - 522 - 449 - 1,170
342 676 527 540 532 - 1,033 - 1,172 - 1,839 RMB 6.94 280 - 742 528 - 377 - 955 432 - 382 - 1,418
Rates are exclusive of contingencies. where all tenant or Houses are built to shell and core standard ONLY, occupant areas are unfurnished. Schools (primary and secondary) are of public authority standard, no a/c and complete with basic external works.
industry
weight (<4 levels) centres (dry sports) single storey framed units) INDUSTRIAL Industrial units, shell only (Conventional Owner operated factories, low rise, light OTHERS levels) Underground/basement car parks (<3 Multi storey car parks, above ground Schools (primary and secondary) Students' residences Sports clubs, multi purpose sports/leisure General hospitals - public sector Exchange Rate Used : US$1 = Chongqing/Chengdu The above costs are 4th Quarter 2018 levels. inclusive of preliminaries unless otherwise stated. Beijing, Shanghai, Guangzhou/Shenzhen,
CONSTRUCTION COST DATA 14 1 CONSTRUCTION COST DATA
M & E COSTS FOR SELECTED ASIAN CITIES ) 2 790 900 - 4,500 - 3,350 - 4,800 - 3,200 - 5,100 - 4,500 - 1,600 - 2,200 - 1,650 - 4,800 - 3,800 (BAHT/m 750 - 780 - BANGKOK# 4,300 2,800 4,600 2,800 4,600 3,800 1,550 1,950 1,400 4,400 3,400
50 65 ) 2 210 210 475 460 590 550 190 190 270 490 460 (RM/m 85 - 40 - 35 - 120 - 105 - 300 - 295 - 300 - 295 - 145 - 175 - 320 - 290 - KUALA LUMPUR KUALA
36 55 ) 117 170 213 246 304 278 356 136 172 249 258 2 (S$/m 90 - 97 - 34 - 55 - 91 - 18 - 26 - 147 - 160 - 129 - 181 - 153 - 158 - SINGAPORE+
) 2 260 860 700 900 - 2,000up - 2,100up - 2,750 - 2,450 - 2,650 - 2,600 - 3,000 - 2,700 - 2,450 (HK$/m 850 160 - 620 - 500 - 700 - 1,100 2,200 1,800 2,100 1,900 2,000 1,900 1,750 HONG KONG
) 2 4,430 6,800 6,840 6,000 9,670 1,500 3,500 6,820 1,300 5,930 7,000 2,200 - 12,000 (PHP/m 800 - 800 - MANILA= 1,360 - 3,600 - 2,890 - 3,600 - 3,500 - 4,700 2,000 - 2,250 - 4,000 - 3,700 - 1,230 -
BUILDING TYPE Apartment Apartment Shopping Centres Shopping Centres Hotels Hotels Industrial * Industrial ** Hotels Industrial MECHANICAL SERVICES MECHANICAL Offices SERVICES ELECTRICAL Offices HYDRAULIC SERVICES Offices M&E COSTS FOR SELECTED ASIAN CITIES M&E COSTS FOR SELECTED
15 CONSTRUCTION COST DATA 450 580 950 850 750 890 820 850 - 1,400 - 1,350 - 1,400 - N/A
250 - 500 - 790 780 - 730 - 780 - 780 - 720 - 1,100 1,100 1,200
80 65 90 80 30 35 110 120 180 285 350 100 -
95 - 65 - 55 - 50 - 30 60 - 45 - 65 - 55 - 15 - 100 - 125 -
90 56 80 51 57 56 43 100 104 108 162 146 -
56 - 41 - 41 - 49 - 63 - 72 - 46 33 - 23 - 28 - 37 - 25 -
850 750 850 900 700 500 850 700 600 - 1,000 - - 1,200 - 2,200
Transformer, included in Electrical Services Transformer, -nil- and exclude BAS Rates are nett of GST Based upon nett enclosed area and of VAT- 450 - 850 550 - 550 - 700 550 - 700 400 - 600 - 550 - 100 - 1,400
Manila: Hong Kong: Singapore: Bangkok: 400 3,440 2,680 3,400 1,600 1,560 4,620 3,600 2,000 2,030 1,730 1,300 -
0 - 850 - 950 - 800 - 900 - 1,600 - 1,800 - 1,220 1,600 - 2,250 - 1,100 - 1,090 -
Generally without A/C. Excludes special power supply.
Apartment Shopping Centres Industrial Hotels Shopping Centres FIRE SERVICES Offices LIFTS / ESCALATORS Offices Apartment Industrial Hotels Shopping Centres Apartment * ** Costs are at 4th Quarter 2018 levels, exclusive of contingencies unless otherwise stated. Note:
(Cont'd)
CONSTRUCTION COST DATA 16 1 CONSTRUCTION COST DATA
M&E COSTS FOR SELECTED ASIAN CITIES ) 2 621 2,106 2,534 2,723 2,902 - - 332 2,006 - 1,537 - 2,036 2,275 - (VND'000/m HO CHI MINH
N/A N/A N/A N/A N/A N/A N/A N/A
890 + 2 2,805 3,245 5,420 6,005 6,425 6,420 5,825 3,925 4,150 1,130 6,805 5,840 INR/m INDIA INDIA 510 - 740 - 2,040 - 2,620 - 4,050 - 4,585 - 4,710 - 5,880 - 3,868 - 2,210 - 2,500 - 4,800 - 4,250 -
= 744 214 294 ) 910 937 833 2 1,049 1,210 1,054 1,183 1,001 1,087 1,060 ------878 915 723 905 835 835 466 589 139 209 830 (IDR'000/m JAKARTA 1,022 - 1,028 -
(Cont'd) 2
1,200 1,320 3,000 3,000 3,050 3,150 2,240 - MOP/m MACAU 900 - 1,020 - 2,640 - 2,400 - 2,640 2,640 - 1,830 -
N/A N/A N/A N/A N/A N/A BUILDING TYPE Apartment Apartment Shopping Centres Shopping Centres Hotels Hotels Hotels Industrial Industrial * Industrial ** Offices MECHANICAL SERVICES MECHANICAL Offices SERVICES ELECTRICAL Offices HYDRAULIC SERVICES M&E COSTS FOR SELECTED ASIAN CITIES M&E COSTS FOR SELECTED
17 CONSTRUCTION COST DATA 1,101 606 752 1,931 1,279
1,167 ------N/A 761 483 647 704 670 1,364
N/A
N/A N/A
N/A N/A
750 745 825 - 1,150 - 1,310 - 2,145 - 2,410 - 1,760 - 2,085 - 1,990 - 1,545 - 1,250 630 - 890 540 - 640 - 985 1,130 1,675 1,745 1,375 1,430 1,100 1,185
798 878 707 343 326 214 332 375 305 1,065 1,124 ------294 434 278 326 889 434 150 284 198 284 444
N/A
-nil- Rates for Electrical Services are excluding genset. All rates are nett of VAT. Rates for Mechanical Services Rates for Hydraulic Services are excluding STP. ACMV Rates only refers to Mumbai costs are Rates are based on projects in Bangalore and nett of GST. generally 8% higher. 300 610 810 710 810 810
2,030 1,120
250 - 460 - 610 - 460 - 910 - 610 - 610 - 1,520 - Macau: Jakarta: India:
N/A N/A
N/A N/A Generally without A/C. Excludes special power supply.
Apartment Apartment Shopping Centres Shopping Centres Apartment Industrial Hotels Industrial Hotels Shopping Centres FIRE SERVICES Offices LIFTS / ESCALATORS Offices * ** Note: Costs are at 4th Quarter 2018 levels, exclusive of contingencies unless otherwise stated.
(Cont'd)
CONSTRUCTION COST DATA 18 1 CONSTRUCTION COST DATA
M&E COSTS FOR SELECTED ASIAN CITIES 300 450 120 120 340 660 830 230 360 990 660 ) 2 1,010 1,280 ------85 85 230 150 510 890 330 930 580 140 260 730 450 (RMB/m CHENGDU CHONGQING /
500 410 690 910 500 124 285 459 184 795 ) 2 1,350 1,020 1,070 89 - (RMB/m 285 - 152 - 500 - 715 - 390 - 715 - 155 - 320 - 128 - 775 - 540 - SHENZEN / 1,080 - GUANGZHOU
406 690 490 962 143 459 143 717 459 970 280 ) 1,224 1,071 2 ------97 97 (RMB/m BEIJING 258 143 490 806 377 950 719 170 326 775 470
) 2 383 423 677 498 864 131 295 440 166 700 1,125 1,316 1,005 ------89 (RMB/m 311 311 112 112 262 - 320 540 - 375 - 677 - 176 790 620 SHANG HAI 1,070 - 1,010
BUILDING TYPE Apartment Apartment Shopping Centres Shopping Centres Hotels Hotels Hotels Industrial Industrial * Industrial ** Offices MECHANICAL SERVICES MECHANICAL Offices SERVICES ELECTRICAL Offices HYDRAULIC SERVICES M&E COSTS FOR SELECTED ASIAN CITIES M&E COSTS FOR SELECTED
19 CONSTRUCTION COST DATA 240 550 350 430 440 110 180 150 370 350 290 230
------60 100 100 250 250 130 240 300 150 250 290 140
280 168 152 383 425 272 350 517 440 480 470 500 72 - - 114 150 - 248 - 285 - 143 - 230 - 295 - 150 - 250 - 325 - 130 -
234 204 138 383 383 230 270 577 400 520 520 289 ------71 173 143 224 224 153 184 294 145 232 327 175 -nil- -nil- -nil- -nil-
231 188 105 391 397 268 325 567 402 510 510 300 56 - 171 - 140 - 263 - 294 - 160 - 232 - 288 - 139 - 226 - 335 - 170 - Shanghai: Beijing: Guangzhou/ShenzHen: Chongqing/Chengdu:
Generally without A/C. Excludes special power supply.
Apartment Shopping Centres Apartment Shopping Centres Hotels Industrial Industrial Hotels Shopping Centres Apartment FIRE SERVICES Offices LIFTS / ESCALATORS Offices * ** Costs are at 4th Quarter 2018 levels, exclusive of contingencies unless otherwise stated. Note:
CONSTRUCTION COST DATA 20 1 CONSTRUCTION COST DATA
CONSTRUCTION COSTS FOR PHILIPPINES 80,357 89,625 79,561 49,426 49,310 50,214 73,321 34,849 48,391 69,231 84,789 56,746 32,188 59,880 41,604 28,392 143,686 133,147 111,150 111,150 ------TOTAL
84,727 65,706 39,573 48,700 66,873 61,603 56,776 38,529 36,590 96,184 36,418 65,690 24,665 62,097 69,975 48,458 25,649 35,582 25,221
2 9,680 4,810 8,980 8,700 7,700 18,470 15,090 15,880 14,870 31,120 18,480 20,310 19,070 18,200 22,400 13,230 15,550 23,930 12,530 ------SERVICES PESO/m
8,910 7,820 8,430 9,480 4,630 8,740 2,760 4,860 4,400 4,400 8,700 11,480 11,480 14,690 10,930 17,630 14,750 12,180 13,550 14,750
53,011 53,011 56,427 77,095 61,091 34,336 34,440 31,734 43,581 92,080 32,904 20,821 46,650 41,196 51,031 62,389 127,806 102,027 25,169 23,208 ------BUILDING 45,846 31,182 27,110 27,110 52,183 53,783 30,099 27,678 36,813 76,027 78,554 50,940 20,035 53,526 39,790 36,978 48,547 55,225 20,789 20,692
FF&E BUILDING TYPE with a/c and including General hospitals - public sector Sports clubs, multi purpose sports/leisure centres (dry sports) Retail malls, high end Students' residences Out-of-town shopping centre, average standard Schools (primary and secondary) Terraced houses, average standard Terraced Detached houses, high end Luxury hotels - 5-star High rise offices, prestige quality Multi storey car parks, above ground(<4 levels) Apartments, high rise, end Owner operated factories, low rise, light weight industry DOMESTIC Apartments, high rise, average standard OFFICE / COMMERCIAL Medium/high rise offices, average standard HOTELS mid market Budget hotels - 3-star, Business hotels - 4/5-star INDUSTRIAL Industrial units, shell only (conventional single story framed units OTHERS Underground/basement car parks (<3 levels) CONSTRUCTION COSTS FOR PHILIPPINES
21 CONSTRUCTION COST DATA CONSTRUCTION COSTS FOR PHILIPPINES 80,357 89,625 79,561 49,426 49,310 50,214 73,321 34,849 48,391 69,231 84,789 56,746 32,188 59,880 41,604 28,392 143,686 133,147 111,150 111,150 ------TOTAL
84,727 65,706 39,573 48,700 66,873 61,603 56,776 38,529 36,590 96,184 36,418 65,690 24,665 62,097 69,975 48,458 25,649 35,582 25,221
2 9,680 4,810 8,980 8,700 7,700 18,470 15,090 15,880 14,870 31,120 18,480 20,310 19,070 18,200 22,400 13,230 15,550 23,930 12,530 ------SERVICES PESO/m
8,910 7,820 8,430 9,480 4,630 8,740 2,760 4,860 4,400 4,400 8,700 11,480 11,480 14,690 10,930 17,630 14,750 12,180 13,550 14,750
53,011 53,011 56,427 77,095 61,091 34,336 34,440 31,734 43,581 92,080 32,904 20,821 46,650 41,196 51,031 62,389 127,806 102,027 25,169 23,208 ------BUILDING 45,846 31,182 27,110 27,110 52,183 53,783 30,099 27,678 36,813 76,027 78,554 50,940 20,035 53,526 39,790 36,978 48,547 55,225 20,789 20,692
FF&E BUILDING TYPE with a/c and including General hospitals - public sector Sports clubs, multi purpose sports/leisure centres (dry sports) Retail malls, high end Students' residences Out-of-town shopping centre, average standard Schools (primary and secondary) Terraced houses, average standard Terraced Detached houses, high end Luxury hotels - 5-star High rise offices, prestige quality Multi storey car parks, above ground(<4 levels) Apartments, high rise, end Owner operated factories, low rise, light weight industry Apartments, high rise, average standard OFFICE / COMMERCIAL Medium/high rise offices, average standard HOTELS mid market Budget hotels - 3-star, Business hotels - 4/5-star INDUSTRIAL Industrial units, shell only (conventional single story framed units OTHERS Underground/basement car parks (<3 levels) DOMESTIC Costs are at 4th Quarter 2018 levels. Manila building costs expected to increase by approxomately 0.5% per month (compounded) during 2018.
CONSTRUCTION COST DATA 22 1 CONSTRUCTION COST DATA
M&E COSTS FOR PHILIPPINES 1,690 2,210 1,450 4,400 1,300 3,300 5,610 1,600 2,200 3,600 1,650 6,820 1,300 3,650 1,610 3,600 3,000 2,650 3,730 ------800 800 800 730 - SERVICES PLUMBING 2,300 1,160 1,490 2,790 - 1,270 2,250 1,220 3,500 1,990 1,500 2,600 - 1,230 2,250 - 1,680 2,500
570 2,330 3,130 2,300 2,210 2,800 3,440 - 400 ------2,900 - 2,300 - 2,600 - 1,800 - 3,400 - 400 - 4,620 - 3,000
- - - 0 0 LIFTS / 260 850 960 ESCALATOR 1,800 1,600 1,450 1,800 1,220 2,200 2,900 2,200 1,800 1,250 1,1,40
1,270 1,500 1,000 1,960 1,370 1,200 2,030 2,000 1,570 1,030 2,100 - 1,730 - 1,420 - 1,560 - 1,100 - 1,300 - 1,200 ------
FIRE 2 850 950 950 SERVICES 900 800 900 800 850 480 1,300 1,090 1,050 1,200 1,020 1,100 1,480 1,240
PESO/m 4,470 6,100 1,500 2,530 4,430 5,000 1,500 6,840 5,100 1,950 2,210 6,580 5,930 5,000 2,440 2,870 7,300 ------1,400 - - - - 9,670 - - - -
800 900 650 630 800 850 SERVICES 2,910 3,310 2,890 4,250 1,450 1,360 2,530 4,000 4,500 3,500 4,950 1,800 4,700 MECHANICAL
3,300 3,500 - 5,100 - 7,500 - 3,500 - 3,500 - - 4,900 - 4,300 - 6,300 - 1,800 - 4,700 - 6,000 - 5,800 - 9,200 - - 4,300 - 3,770 - 8,000 SERVICES ELECTRICAL 3,060 5,200 2,000 2,000 1,800 3,300 3,600 3,900 1,400 3,500 4,800 4,900 5,500 2,000 3,600 2,900 5,000
3,000 - 5,800
3,600 - 6,000
4,810 8,700 14,870 9,680 15,880 20,310 - 22,400 - 18,470 - 18,200 - 31,120 - 23,930 - 15,550 - - 7,700 - 8,980 - - 18,480 - 13,230 - - - 15,090 - 12,530 - 19,070 - - TOTAL SERVICES 9,480 4,400 4,860 4,630 8,740 8,910 2,760 4,400 8,430 7,820 12,180 12,180 14,750 14,750
11,480 10,930 13,550 17,630
14,690 BUILDING TYPE industry
standard single story framed units (<4 levels) weight centres (dry sports) with a/c and including FF&E DOMESTIC Apartments, high rise, average standard Apartments, high rise, end houses, average standard Terraced Detached houses, high end OFFICE / COMMERCIAL Medium/high rise offices, average standard High rise offices, prestige quality Out-of-town shopping centre, average Retail malls, high end HOTELS mid market Budget hotels - 3-star, Business hotels - 4/5-star INDUSTRIAL Industrial units, shell only (conventional OTHERS levels) Underground/basement car parks (<3 Multi storey car parks, above ground Schools (primary and secondary) Luxury hotels - 5-star Owner operated factories, low rise, light Students' residences Sports clubs, multi purpose sports/leisure General hospitals - public sector M&E COSTS FOR PHILIPPINES
23 CONSTRUCTION COST DATA M&E COSTS FOR PHILIPPINES 2,210 1,690 3,730 3,600 2,650 1,650 1,300 6,820 4,400 3,300 3,650 1,300 3,000 2,200 1,450 1,600 3,600 1,610 5,610 ------800 800 800 730 - SERVICES PLUMBING 2,500 2,250 1,160 1,680 3,500 2,300 1,490 1,990 2,250 - 1,230 1,500 1,220 1,270 2,600 - 2,790 -
570 2,210 2,330 3,130 2,300 2,800 3,440 - 400 ------2,600 - 400 - 3,400 - 2,900 - 3,000 - 4,620 - 1,800 - 2,300 - - - 0 0 LIFTS / 960 260 850 ESCALATOR 1,800 2,200 1,600 1,250 1,800 1,800 2,900 1,220 1,450 2,200 1,1,40
1,200 1,960 1,030 2,000 2,030 1,270 1,370 1,570 2,100 1,500 1,000 - 1,100 - 1,200 - 1,560 - 1,420 - 1,730 - 1,300 ------
FIRE 2 850 950 950 SERVICES 480 800 900 900 850 800 1,050 1,090 1,300 1,100 1,020 1,480 1,240 1,200
PESO/m 2,530 5,000 1,500 6,100 1,500 4,430 4,470 5,000 2,210 2,870 1,950 6,580 2,440 7,300 5,930 5,100 6,840 ------9,670 ------1,400 -
650 800 800 900 850 630 SERVICES 1,360 3,500 1,800 4,000 4,250 4,950 1,450 4,700 4,500 2,530 2,890 3,310 2,910 MECHANICAL
3,300 3,500 - 4,300 - 5,800 - - 3,770 - 4,700 - - 7,500 - 9,200 - 3,500 - 3,500 - 4,900 - 4,300 - 8,000 - 6,000 - 6,300 - 5,100 - 1,800 SERVICES ELECTRICAL 3,600 4,900 1,800 2,900 3,500 2,000 5,200 5,500 2,000 2,000 3,300 3,600 5,000 4,800 3,900 3,060 1,400
3,000 - 5,800
3,600 - 6,000
8,700 4,810 9,680 14,870 15,880 20,310 - 18,200 - 22,400 - 31,120 - 23,930 - 18,470 - 15,550 - 13,230 - - 12,530 - - 7,700 - 8,980 - 18,480 - 15,090 - - - - 19,070 - TOTAL SERVICES 8,910 4,630 7,820 4,400 4,400 4,860 8,740 8,430 9,480 2,760 12,180 14,750 12,180 11,480 13,550
14,750 17,630 14,690
10,930
BUILDING TYPE industry
single story framed units weight (<4 levels) centres (dry sports) with a/c and including FF&E standard DOMESTIC Apartments, high rise, average standard OFFICE / COMMERCIAL Medium/high rise offices, average standard HOTELS mid market Budget hotels - 3-star, Luxury hotels - 5-star INDUSTRIAL Industrial units, shell only (conventional Owner operated factories, low rise, light OTHERS levels) Underground/basement car parks (<3 Multi storey car parks, above ground Schools (primary and secondary) Students' residences Sports clubs, multi purpose sports/leisure General hospitals - public sector Business hotels - 4/5-star High rise offices, prestige quality Apartments, high rise, end Out-of-town shopping centre, average Retail malls, high end Terraced houses, average standard Terraced Detached houses, high end Costs are at 4th Quarter 2018 levels.
CONSTRUCTION COST DATA 24 1 CONSTRUCTION COST DATA
CONSTRUCTION COST SPECIFICATION
The costs for the respective categories given on the previous pages are averages based on fixed price competitive tenders. It must be understood that the actual cost of a building will depend upon the design, procurement methods and many other factors and may vary from the figures shown.
The costs per square metre are based on construction floor areas measured to the outside face of the external walls/external perimeter including lift shafts, stairwells, plant rooms, water tanks and the like.
All buildings are assumed to have no basements (except otherwise stated) and are built on flat ground, with normal soil conditions and minimal external works. The costs exclude land cost, professional fees, finance and legal expenses.
The standards for each category of building vary from country to country. The Manila US$/m2 considers in the CFA the parking requirements for each type of building.
All costs are in US$/m2 CFA. Fluctuation in exchange rates may lead to changes in construction costs expressed in U.S. dollars.
FF&E refers to loose furniture, fixtures and equipment. FF&E is excluded from office, residential and retail project costs, but are included in hotels and country club project costs.
DOMESTIC
Average standard apartment buildings of 6-8 flats per floor, 50m² - 150m² per flat, facade comprising textured paint and punch window, internal finishes comprising wood finish, plaster and paint and painted rubbed concrete ceiling to residential units and local ceramic tiles to toilets.
Luxury residential facade comprised of window wall, textured paint with stone accents, finished with
25 CONSTRUCTION COST DATA CONSTRUCTION COST SPECIFICATION
homogeneous tiles, wood cladding and coved timber ceiling to lobby, combination of wood planks, plaster and paint and gypsum board to residential units and homogeneous tiles to toilets.
Air conditioning, gensets, automatic sprinkler system, complete plumbing and disposal system, complete fire alarm and detection system, CATV system are allowed for luxury apartments and prestige houses.
Services to standard apartment also include for paging system and Davit type gondola. Services to luxury residential also include CCTV cameras on lobby, track mounted type gondola and helipad provision. OFFICE/COMMERCIAL Based on building 30-40 storeys high with floor plate minimum 1,000 m² per level. Average standard offices and shopping centres have bare finish and exclude A/C ducting and light fittings to tenants areas. Prestige offices have curtain wall elevations, stone finished lobbies.
INDUSTRIAL Owner operated factories exclude manufacturing equipment, air-conditioning and special services provisions.
HOTELS
F.F. & E. includes interior decoration and loose furniture, etc. but excludes hotel operator’s items (e.g. cutlery, crockery, linen etc.). Includes 1 level of basement.
OTHERS Carparks to be multi-storey, above ground. Schools with standard government provisions. Student hostels to university standard. Hospitals include fit-out to nursing rooms, hospital facilities; services i.e., oxygen piping, A/C, genset, ultrapure water system, fire suppression system and special type plumbing fixtures; fit-out to doctors’ offices is excluded.
CONSTRUCTION COST DATA 26 1 CONSTRUCTION COST DATA
MAJOR RATES FOR SELECTED ASIAN CITIES 1,200 (BAHT) 26 - 29 26 - 28 650 - 750 120 - 150 120 - 140 140 - 180 420 - 480 650 - 750 420 - 480 BANGKOK 2,300 - 2,500 2,600 - 2,800 (RM) 72 - 95 42 - 50 38 - 45 65 - 70 38 - 45 20 - 30 15 - 25 15 - 25 240 - 315 260 - 320 3.40 - 3.80 3.40 - 3.80 KUALA LUMPUR KUALA 20 20 40 50 43 40 (S$) 35 - 40 15 - 20 115 - 120 115 175 - 185 1.25 - 1.35 1.25 - 1.35 SINGAPORE 9.7 9.7 400 200 180 300 410 950 410 1000 (HK$) 1,100 1,200 HONG KONG 54 55 N/A 270 500 350 950 1800 (PHP) 3,400 4,800 1,000 1,400 MANILA 3 3 3 3 3 3 2 2 2 2 kg kg m m m m m m m m m m UNIT DESCRIPTION Excavating basement ≤ 2.00m deep Excavating for footings ≤ 1.50m deep site Remove excavated materials off Hardcore bed blinded with fine materials Mass concrete grade 15 Reinforced concrete grade 30 Mild steel rod reinforcement High tensile rod reinforcement Sawn formwork to soffits of suspended slabs Sawn formwork to columns and walls thick brick walls 112.5mm "Kliplok Colorbond" 0.64mm profiled steel sheeting
4. 6. 8. 9. 2. 3. 11. 1. 12. 5. 10. 7.
27 CONSTRUCTION COST DATA MAJOR RATES FOR SELECTED ASIAN CITIES 1,200 7,000 12 – 18 60 - 75 60 - 75 220 - 260 120 - 160 750 - 850 200 - 240 6 - 15 35 - 45 17 - 25 50 - 70 18 - 25 3.50 - 5 380 - 600 7.50 - 9.50 7.50 - 9.50 74 30 21 22 290 12 - 15 3.50 - 4 4 - 4.50 4 - 4.50 90 36 42 400 600 160 165 3,800 10 - 15 Bangkok: Rates are nett of VAT 650 700 500 160 160 1,800 1,400 12-18 11,500 2 2 2 2 2 2 % kg kg m m m m m m Item 5 - Rate for lean concrete blinding Aluminium casement windows, single glazed single windows, casement Aluminium and stanchions beams, - steelwork Structural the like Steelwork - angles, channels, flats and the like 25mm cement and sand (1:3) paving walls to plaster (1:4) sand and cement 20mm Ceramic tiles bedded to floor screed (measured separately) 12mm fibrous plasterboard ceiling lining Two coats of emulsion paint to plastered surfaces
13. 14. 15. 16. 17. 18. 19. 20. expected preliminaries Average The above costs are based on lump sum fixed price contract rate exclusive of preliminaries and contingencies unless otherwise stated. Manila: Item 13 - Aluminium with anodized finish; 6mm thick Manila: Item 13 - Hong Kong: Item 3 - Rate including dumping charges Singapore: Rates are nett of GST
(Cont'd)
CONSTRUCTION COST DATA 28 1 CONSTRUCTION COST DATA
MAJOR RATES FOR SELECTED ASIAN CITIES # (VND) 19,764 19,908 92,400 92,400 84,700 215,000 245,000 312,780 280,900 1,865,650 1,696,400 HO CHI MINH 401,110 - 597,600 401,110 Ĝ 70 72 NA 199 225 708 761 (INR) 1,785 1,155 7,822 4,620 6,248 INDIA # 40 75 35 950 300 200 195 250 650 12.5 12.5 1,135 (IDR '000) JAKARTA 9 9 N/A 150 180 150 280 280 450 MOP 1,200 1,350 1,250 MACAU 3 3 3 3 3 3 2 2 2 2 kg kg m m m m m m m m m m UNIT DESCRIPTION Excavating basement ≤ 2.00m deep Excavating for footings ≤ 1.50m deep site Remove excavated materials off Hardcore bed blinded with fine materials Mass concrete grade 15 Reinforced concrete grade 30 Mild steel rod reinforcement High tensile rod reinforcement Sawn formwork to soffits of suspended slabs Sawn formwork to columns and walls thick brick walls 112.5mm "Kliplok Colorbond" 0.64mm profiled steel sheeting
8. 9. 1. 12. 2. 3. 4. 10. 11. 7. 5. 6.
29 CONSTRUCTION COST DATA MAJOR RATES FOR SELECTED ASIAN CITIES 8 - 12 52,650 52,650 94,000 88,900 144,000 674,180 234,000 6,315,000 126 126 409 498 252 1,785 1,417 6,300 9 - 13 27 27 90 30 100 200 215 1,650 8 - 10 Ho Chi Minh: Rates are nett of VAT 35 40 10 120 150 450 650 200 4,000
2 2 2 2 2 2 % kg kg m m m m m m and are nett of GST. Mumbai costs are generally 8% higher. and are nett of GST. Aluminium casement windows, single glazed single windows, casement Aluminium and stanchions beams, - steelwork Structural the like Steelwork - angles, channels, flats and the like 25mm cement and sand (1:3) paving walls to plaster (1:4) sand and cement 20mm Ceramic tiles bedded to floor screed (measured separately) 12mm fibrous plasterboard ceiling lining Two coats of emulsion paint to plastered surfaces
13. 14. 15. 16. 17. 18. 19. 20. expected preliminaries Average The above costs are based on lump sum fixed price contract rate exclusive of preliminaries and contingencies unless otherwise stated. Macau: -nil- Item 19 - 9mm gymsum board Jakarta: Rates are nett of VAT; All rates above are Supply & Fix based on projects in Bangalore India: (Cont'd)
CONSTRUCTION COST DATA 30 1 CONSTRUCTION COST DATA
MAJOR RATES FOR SELECTED ASIAN CITIES 30 26 65 60 80 95 5.3 5.3 N/A 170 420 550 (RMB) CHENGDU CHONGQING / 6 6 30 30 90 85 80 N/A 105 190 540 580 (RMB) SHENZEN / GUANGZHOU 30 33 90 85 80 60 5.6 5.6 N/A 180 530 550 (RMB) BEIJING 30 30 90 90 90 5.8 5.8 N/A 135 190 540 570 (RMB) SHANG HAI 3 3 3 3 3 3 2 2 2 2 kg kg m m m m m m m m m m UNIT DESCRIPTION Excavating basement ≤ 2.00m deep Excavating for footings ≤ 1.50m deep site Remove excavated materials off Hardcore bed blinded with fine materials Mass concrete grade 15 Reinforced concrete grade 30 Mild steel rod reinforcement High tensile rod reinforcement Sawn formwork to soffits of suspended slabs Sawn formwork to columns and walls thick brick walls 112.5mm "Kliplok Colorbond" 0.64mm profiled steel sheeting
1. 12. 8. 9. 2. 3. 10. 11. 4. 5. 6. 7.
31 CONSTRUCTION COST DATA MAJOR RATES FOR SELECTED ASIAN CITIES 11 25 35 35 650 130 150 11.1 6 - 12 35 30 35 700 155 190 11.5 12.5 5 - 12 -nil- 11 32 32 32 9.5 815 145 162 7 - 10 Guangzhou/Shenzhen: 11 35 35 40 9.5 700 160 150 5 - 10 2 2 2 2 2 2 % kg kg m m m m m m Aluminium casement windows, single glazed single windows, casement Aluminium and stanchions beams, - steelwork Structural the like Steelwork - angles, channels, flats and the like 25mm cement and sand (1:3) paving walls to plaster (1:4) sand and cement 20mm Ceramic tiles bedded to floor screed (measured separately) 12mm fibrous plasterboard ceiling lining Two coats of emulsion paint to plastered surfaces
13. 14. 15. 16. 17. 18. 19. 20. expected preliminaries Average The above costs are based on lump sum fixed price contract rate exclusive of preliminaries and contingencies unless otherwise stated. Shanghai: Item 11 - Rate for 120mm thick concrete block walls Shanghai: Item 11 Beijing, Chongqing/Chengdu: Item 13 - rate for double glazed window
CONSTRUCTION COST DATA 32 1 CONSTRUCTION COST DATA
RETAIL PRICES OF BASIC CONSTRUCTION
Cement Php / bag (40kg)
Year Year
Aggregates Php / m³
Year
33 CONSTRUCTION COST DATA MATERIALS FOR PHILIPPINES
Reinforcing Bar (Intermediate Grade - Grade 40; 275 MPa) Php / kg
Year
Reinforcing Bar (High Yield Grade - Grade 60; 400 MPa) Php / kg
Year
CONSTRUCTION COST DATA 34 1 CONSTRUCTION COST DATA
RETAIL PRICES OF BASIC CONSTRUCTION
Structural Steel (Angle Bar; A36) Php / kg
Year
Structural Steel (Wide Flange) Php / kg
Year
35 CONSTRUCTION COST DATA MATERIALS FOR PHILIPPINES
Ordinary Concrete Hollow Blocks Php / piece
Year
CONSTRUCTION COST DATA 36 1 CONSTRUCTION COST DATA
UNIT COSTS FOR ANCILLARY FACILITIES FOR PHILIPPINES
DESCRIPTION UNIT PESO
SQUASH COURTS
1,400,000
TENNIS COURTS
2,000,000
2,400,000
500,000
SWIMMING POOLS
12,000,000
18,000,000
1,500,000
500,000
Amenity pool outdoor approx. 300m2 swimminpool with kiddie pool & jacuzzi (pooldeck & structure not included) fully tiled 10,000,000 - including associated equipment & pool lighting 15,000,000 BASKETBALL COURTS 4,000,000 - 6,000,000
20,000,000 - 40,000,000
37 CONSTRUCTION COST DATA UNIT COSTS FOR ANCILLARY FACILITIES FOR PHILIPPINES
DESCRIPTION UNIT PESO
PLAYGROUND EQUIPMENT 1,400,000 500,000 to
1,500,000
2,000,000 SAUNAS
2,400,000 500,000
500,000 STEAM BATHS
800,000 12,000,000
GOLF COURSES
30,000,000
1,500,000 35,000,000
500,000 GOLF SIMULATOR
3,000,000 to 4,500,000
CONSTRUCTION COST DATA 38 1 CONSTRUCTION COST DATA
M & E MAJOR PLANT COSTS FOR THE PHILIPPINES
DESCRIPTION UNIT COST (Php) 1. Water cooled chiller; per TR 18,000 - 36,000 conventional bearing 2. Water cooled chiller; per TR 37,000 - 50,000 magnetic bearing 3. Air-cooled electric chillers per TR 31,000 - 44,000 4. Cooling Towers; included per GPM 2,800 - 5,000 draft 5. Air Handling Units (AHU) per TR 18,500 - 35,000 6. Packaged Water-Cooled per TR 23,000 - 34,000 units (PWCU) 7. Fire Pumps; electric motor per GPM 1,900 - 4,900 driven; up to 180 psi 8. Fire Pumps; electric motor per GPM 4,400 - 9,600 driven; 180 to 295 psi 9. Fire Pumps; diesel engine per GPM 2,500 - 5,400 driven; up to 180 psi 10. Fire Pumps; diesel engine per GPM 4,600 - 10,600 driven; 180 to 295 psi 11. Heat Pumps per KW 32,200 - 43,300 12. Generator (Low Voltage- per KVA 8,500 - 10,500 400V) 13. Generator (Medium per KVA 11,000 - 12,577 Voltage-4160V) 14. Power transformers, with built-in primary per KVA 2,500 - 5,000 protections; padmount 15. Power transformers, with built-in primary per KVA 1,300 - 4,400 protections; silicon oil filled 16. Power transformers, with built-in primary per KVA 2,000 - 6,000 protections; cast resin 17. Storage Water Tank with per Gallon 3,000 - 5,700 Heating Coil NOTE: 1. Rates are based on direct supply of imported equipment and materials by the developer. 2. Rates include all government imposed taxes, import duties brokerage fees and allowances for local materials and installation cost.
39 CONSTRUCTION COST DATA M & E MAJOR PLANT COSTS FOR THE PHILIPPINES
DESCRIPTION UNIT COST (Php) 18. Sewage Treatment Plant, Sequencing Batch Reactor (SBR); including per m3/day 30,000-40,000 civil works (no piling and located within the building) 19. Kitchen Waste Water Treatment; Gas Energy Mixing (GEM); including per m3/day 93,000-111,000 civil works (no piling and located within the building) 20. Desalination System; Reverse Osmosis up to per m3/day 68,000-101,000 200 CMD 21. Desalination System; Reverse Osmosis 200 per m3/day 35,000-74,000 CMD to 600 CMD 22. Elevator; 1000 kgs, 1 to 2 mps (no skip floors; less cost/stop 550,000 - 1,400,000 than 10 floors) 23. Elevator; 1350 kgs, 2.5 to 3 mps (no skip floors; 10 to cost/stop 885,000-1,155,000 20 floors) 24. Elevator; 1350 kgs, 2.5 to 3 mps (no skip floors; 20 to cost/stop 700,000-885,000 30 floors) 25. Elevator; 1350 kgs, 2.5 to 3 mps (no skip floors; 30 to cost/stop 550,000-700,000 40 floors) 26. Elevator; 1600 kgs, 4 mps (no skip floors; 20 to 30 cost/stop 760,000-1,085,000 floors) 27. Elevator; 1600 kgs, 4 mps (no skip floors; 30 floors to cost/stop 650,000-760,000 40 floors) 28. Elevator; 1600 kgs, 5 mps (no skip floors; 40 floors to cost/stop 1,180,000-1,284,000 45 floors)
NOTE: 1. Rates are based on direct supply of imported equipment and materials by the developer. 3. Rates exclude preliminaries and contingencies. 2. Rates include all government imposed taxes, import duties brokerage fees and allowances for local materials 4. Rates are based on fixed price tenders received in 4th Quarter 2018. and installation cost. 5. The cost per unit of the equipment is higher at lower capacity
CONSTRUCTION COST DATA 40 1 CONSTRUCTION COST DATA
FIT-OUT COSTS FOR PHILIPPINES
DESCRIPTION PESO/m2
HOTELS
20,000-24,000 26,000-35,000 38,000
17,000-19,000 21,000-30,000 32,000-48,000
COMMERCIAL
27,000-38,000
8
52.88
41 CONSTRUCTION COST DATA DESCRIPTION PESO/m2
OFFICES 27,500-38,500 46,750-66,000 59,000-70,000
RESTAURANTS 20,000-41,000 43,000
8
52.88
CONSTRUCTION COST DATA 42 1 CONSTRUCTION COST DATA
FIT-OUT COSTS FOR PHILIPPINES
DESCRIPTION PESO/m2
THEATRES/CINEMAS
54,000-92,000 38,000-60,000
AUDITORIUMS 43,000-70,000
BUSINESS CLUBS 54,000-76,000
BAR / BILLIARDS * 35,000-44,000
8
52.88
43 CONSTRUCTION COST DATA KITCHEN EQUIPMENT COSTS FOR PHILIPPINES
DESCRIPTION COST (Php)
BUSINESS CLUB 22M - 35M
EXECUTIVE DINING 22M - 50M
4 STAR HOTEL 41M - 92M
5 STAR HOTEL 140M - 240M
OFFICE CANTEEN 10M - 20M
CONSTRUCTION COST DATA 44 Trends in Construction Cost for Philippines Construction Value Construction Activity Lead Time of Different Packages Utility Costs for Selected Asian Cities Estimating Rules of Thumb Progress Payments Construction Materials Wholesale Price Index 2018 Minimum Wage Annual Average of Construction Materials Wholesale Price Index (CMWPI) in NCR GENERAL CONSTRUCTION DATA 2
Trends in Construction Cost for Philippines Construction Value Construction Activity Lead Time of Different Packages Utility Costs for Selected Asian Cities Estimating Rules of Thumb Progress Payments Construction Materials Wholesale Price Index 2018 Minimum Wage Annual Average of Construction Materials Wholesale Price Index (CMWPI) in NCR 2 GENERAL CONSTRUCTION DATA
TRENDS IN CONSTRUCTION COSTS FOR PHILIPPINES
Building Construction Cost (Php/m2)
US$ to Year Hotels Office Residential Retail Php 2005 58,941 32,225 36,907 19,831 55.09 2006 61,577 34,894 37,973 22,322 51.31 2007 64,608 39,688 40,149 24,459 46.15 2008 62,042 41,806 40,917 23,572 44.47 2009 67,908 45,732 44,779 29,535 47.64 2010 70,822 48,042 46,914 33,156 45.11 2011 69,301 46,738 46,345 41,581 43.31 2012 69,175 57,009 50,675 46,452 42.23 2013 70,885 59,000 53,058 48,389 42.45 2014 73,252 60,600 54,606 49,723 44.40
2015 92,371 62,111 59,609 57,334 45.50
2016 95,935 66,015 70,764 59,366 47.49
2017 109,628 69,809 86,291 75,808 50.40
2018 132,917 73,199 110,958 80,203 52.66
47 GENERAL CONSTRUCTION DATA CONSTRUCTION VALUE
Year
Construction Value Php ('000) Year Hotels Office
2008 74,892,765 55,930,704
2009 80,108,885 51,295,024
2010 102,943,619 82,722,312
2011 100,220,969 89,952,721
2012 125,864,536 112,083,457
2013 133,783,612 135,163,094
2014 152,755,734 184,873,176
2015 160,065,906 143,221,467
2016 187,599,730 162,517,347
2017 164,153,250 143,315,470
2018* 226,555,441 154,241,046
* Forecast Source: www.psa.gov.ph
GENERAL CONSTRUCTION DATA 48 2 GENERAL CONSTRUCTION DATA
CONSTRUCTION ACTIVITY
Usable Floor Area (m2) Year Residential Non-Residential 2008 9,844,829 6,851,270 2009 10,059,645 5,918,411 2010 12,196,450 9,273,089 2011 11,674,389 8,875,138 2012 13,687,037 11,295,492 2013 13,672,027 10,278,621 2014 14,935,518 12,811,930 2015 15,723,803 12,793,261 2016 17,592,013 14,421,105 2017 16,301,228 15,035,707 2018* 20,479,943 15,123,697
* Forecast Source: www.psa.gov.ph
49 GENERAL CONSTRUCTION DATA LEAD TIME OF DIFFERENT PACKAGES Process Code* (in weeks) Packages A B C D Insitu Concrete Works 1 1 2 - Structural Steel Frames 4 2 - 5 Cladding-Curtain Walling 10 2 - 14 Brickwork 1 1 2 - Roof Finishes - Profiled Metal 3 1 4 4 Windows 2 1 3 6
Drylining, plaster and screeds 1 1 1 -
Demountable partitions 2 1 2 3 General joinery 2 2 3 5 Raised floors 2 2 - -
Suspended ceilings 2 2 3 3
Decorations (wall coverings) - - 2 -
Stone wall and floor finishes 3 2 4 5
Passenger lifts (non-standard) 8 3 - 27
Escalators 4 2 - 18
Mechanical Pipework 4 2 1 1
Ductwork 4 2 4 3
Sprinklers 6 2 4 3
Air-conditioning plant 2 2 3 6
Variable air-volume unit 1 1 3 6
Electrical package 6 3 - -
Switchgear 2 2 - 10
Generators (600kW) 4 2 - 13
GENERAL CONSTRUCTION DATA 50 2 GENERAL CONSTRUCTION DATA
LEAD TIME OF DIFFERENT PACKAGES
Light fittings 1 1 6 -
Security Systems 3 3 4 -
Controls 4 3 3 -
Furniture 2 2 4 8
Data and voice cabling 3 2 - -
*Process Code Legend A - Working Drawing B - Approve Working Drawing C - Procurement of Materials D - Manufacture
The lead time provided shall serve only as guide for use in projects,this is due mainly to the variability of factors like local customs processing/clearing, material availability, among others. Lead times do not refer to any particular building/project type and are based on average time.
For examples: Air-conditioning plant may require between six and twelve weeks depending on the plant specified or required. Therefore, an average of nine weeks has been used in the table.
51 GENERAL CONSTRUCTION DATA UTILITY COSTS FOR SELECTED ASIAN CITIES
Exchange ELECTRICITY Rate Commercial/ COUNTRY Domestic Used Industrial US$= US$/kwh US$/kwh Manila PHP 52.88 **0.21' **0.19' Hong Kong HK$ 7.82 0.11 0.13 Kuala Lumpur RM 4.18 0.052 - 0.137 0.091-0.122 Singapore S$ 1.38 0.17^ 0.17^ Jakarta IDR 15,180 0.097* 0.097** Bangkok Baht 32.73 0.072 - 0.136** 0.096 - 0.098 Shanghai RMB 6.94 0.089(peak) / 0.157(peak) / 0.044(normal) 0.075(normal) Beijing RMB 6.94 0.071 - 0.113 0.219 0.221(peak) / 0.124-0.126 (normal) Guangzhou RMB 6.94 0.085 - 0.128 0.089 - 0.124 Chongqing RMB 6.94 0.08 0.11 Macau MOP 8.07 0.17 0.17 Bangalore INR 71.90 0.069 - 0.100 0.087 - 0.128 New Delhi INR 71.90 0.069 - 0.111 0.070 - 0.111 Ho Chi Minh VND 22,600 0.11 0.1 / 0.06
Cost are at 4th Quarter 2018 Levels Basis of Charges in Manila, Philippines
Water Electricity Domestic : 24m3 - 101m3/month Domestic :190kwh - 2,099 kwh Commerial/Industrial : 3,750m3/month Commerial/Industrial : 185,404 kwh
Basis of Charges in Hong Kong, China Water Electricity (Based on tariff scheme of CLP Holdings Ltd.) Domestic Domestic (bi-monthly consumption) 0 - 12m3 : Free of Charge 0-400 kWh: US$0.11/kWh 400-1,000 kWh: US$0.12/kWh 12 - 43m3 : US$0.54/m3 1,000-1,800 kWh : US$0.14/kWh 1,800-2,600 kWh: US$0.18/kWh 43 - 62m3 : US$0.83/m3 2,600-3,400 kWh : US$0.21/kWh 3,400-4,200 kWh: US$0.23/kWh Above 62m3 : US$1.17/m3 Above 4,200 kWh: US$0.23/kWh
Basis of Charges in Bangkok, Thailand **Electricity (Domestic) = For normal tariff with consumption not exceeding 150kWh per month *Fuel (Unleaded) = Gasohol 95
Basis of Charges in Beijing and Guangzhou, China Unleaded fuel rate is for Unleaded gasoline 97.
Basis of Charges in Shanghai, China Water Domestic: 0-220m3 = US$0.497/m3 220-300m3 = US$0.696/m3 Unleaded Fuel Above 300m3 = US$0.840/m3 Unleaded fuel rate is for Unleaded 95#.
Electricity Domestic (Charge on yearly consumption): 0-3,120kWh = US$0.089/kWh(peak) / US$0.044/kWh(normal); 3,120-4,800kWh = US$0.098/kWh(peak) / US$0.049/kWh(normal); Above 4,800kWh = US$0.141/kWh(peak) / US$0.070/kWh(normal)
Commercial/Industrial (Charge on yearly consumption): Charges on consumption less than 1,000kWh per month for summer period only. Refer to www.shdrc.gov.cn for detailed charges for different tiers and charges for non-summer period.
GENERAL CONSTRUCTION DATA 52 2 GENERAL CONSTRUCTION DATA
UTILITY COSTS FOR SELECTED ASIAN CITIES
**0.29-0.74' **1.37' 0.97 N/A 1.15 0.83 0.59 1.83 N/A 2.21 0.136-0.478 0.495-0.545 0.522 N/A 0.526 1.99^^ 1.99^^^^ 1.34^^^^^ N/A 1.94^^^^^^ 2.67^^^ 0.069-0.491* 0.450-0.965** 0.481 N/A 0.543 0.259-0.441 0.290-0.483 0.895 N/A 0.881* 0.497-0.840 0.68 1.16 N/A 1.220
0.721-1.296 1.296-1.368 1.10 N/A 1.22
0.285-0.571 0.50 0.97 N/A 1.12 0.61 0.85 1.22 N/A 1.28 0.56-0.90 0.75 1.70 N/A 1.45 0.556-0.695 1.39 1.001 N/A 1.072 0.35-1.05 1.390-2.44 0.992 N/A 1.141 0.24 0.75-0.43 0.82 N/A 0.92
Cost are at 4th Quarter 2018 Levels Basis of Charges in Chongqing, China Unleaded Fuel 93# = US$0.93/litre; 97# = US$0.98/litre
Basis of Charges in Kuala Lumpur, Malaysia Unleaded Fuel Unleaded fuel rate is for Unleaded petrol Ron 95. Electricity (Commercial/Industrial): Tariff A & Tariff D (low voltage)
Basis of Charges in Ho Chi Minh, Vietnam + All rates are VAT inclusive
Basis of Charges in Macau, China Electricity Electricty tariffs are a composition of demand charges, consumption charges, fuel clause adjustment and government tax.
Water Domestic: Consumption charge = US$0.56/m3 for 28m3 or below; US$0.64/m3 for 29m3 to 60m3; US$0.75/m3 for 61m3 to 79m3; and US$0.90/m3 for 80m3 or above. Other charges (Depending on meter size 15mm - 200mm) : Meter rental = US$0.34 - 57.64/month;
Commercial/Industrial Commercial/Industrial: Charges for ordinary users (e.g Business, government buildings, schools, associations, hospitals and others) only. Special users (e.g gaming industries, hotels, saunas, golf courses, construction, public infrastructure and other temporary consumption) are excluded.
Basis of Charges in Singapore * All rates are nett of GST ^ Electricity tariff is based on low tension power supply ^^ Domestic water tariff effective from 1 July 2018. Rate includes water conservation tax, water-borne fee, sanitary appliance fee and is an average for <= 40m3 ^^^ Domestic water tariff effective from 1 July 2018. Rate includes water conservation tax, water-borne fee, sanitary appliance fee and is an average for > 40m3 ^^^^ Non-domestic water tariff effective from 1 July 2018. Rate includes water conservation tax, water-bourne fee and sanitary appilance fee. ^^^^^^ As at 2 November 2018 ^^^^^^ 98 Unleaded petrol as at 2 November 2018
53 GENERAL CONSTRUCTION DATA ESTIMATING RULES OF THUMB
Concrete 2,400 kg/m3 Water 1,000 kg/m3 Cement 1,441 kg/m3 Softwood 700 kg/m3 Sand 1,600 kg/m3 Hardwood 1,100 kg/m3 Gravel 1,350 kg/m3 Aluminum 2,750 kg/m3 Steel 7,850 kg/m3 Soil (compact) 2,100 kg/m3
8,000 55 21 22 23 7,000 48 19 20 21 6,000 41 17 18 19 5,000 35 15 16 17 4,000 28 11.75 12.75 14.5 3,000 21 9 10 11.5
Cost are at 4th Quarter 2018 Levels Basis of Charges in Chongqing, China Unleaded Fuel 93# = US$0.93/litre; 97# = US$0.98/litre
Basis of Charges in Kuala Lumpur, Malaysia Unleaded Fuel Unleaded fuel rate is for Unleaded petrol Ron 95. Electricity (Commercial/Industrial): Tariff A & Tariff D (low voltage)
Basis of Charges in Ho Chi Minh, Vietnam + All rates are VAT inclusive
Basis of Charges in Macau, China Electricity Electricty tariffs are a composition of demand charges, consumption charges, fuel clause adjustment and government tax. 6 0.222 18.85 28.27
Water 8 0.395 25.13 50.26 Domestic: Consumption charge = US$0.56/m3 for 28m3 or below; US$0.64/m3 for 29m3 to 60m3; US$0.75/m3 for 61m3 to 79m3; and US$0.90/m3 for 80m3 or above. Other charges (Depending on meter size 10 0.616 31.42 78.54 15mm - 200mm) : Meter rental = US$0.34 - 57.64/month; 12 0.888 37.70 113.10 Commercial/Industrial Commercial/Industrial: Charges for ordinary users (e.g Business, government buildings, schools, associations, hospitals and others) only. Special users (e.g gaming industries, hotels, saunas, 16 1.579 50.27 201.06 golf courses, construction, public infrastructure and other temporary consumption) are excluded. 20 2.466 62.83 314.16 Basis of Charges in Singapore * All rates are nett of GST 25 3.854 78.54 490.88 ^ Electricity tariff is based on low tension power supply ^^ Domestic water tariff effective from 1 July 2018. Rate includes water conservation tax, water-borne fee, 28 4.834 87.96 615.80 sanitary appliance fee and is an average for <= 40m3 ^^^ Domestic water tariff effective from 1 July 2018. Rate includes water conservation tax, water-borne fee, 32 6.313 100.53 804.25 sanitary appliance fee and is an average for > 40m3 ^^^^ Non-domestic water tariff effective from 1 July 2018. Rate includes water conservation tax, water-bourne 36 7.990 113.09 1,017.90 fee and sanitary appilance fee. ^^^^^^ As at 2 November 2018 ^^^^^^ 98 Unleaded petrol as at 2 November 2018 40 9.864 125.66 1,256.64
GENERAL CONSTRUCTION DATA 54 2 GENERAL CONSTRUCTION DATA
ESTIMATING RULES OF THUMB
Concrete/floor area 0.4 m3/m2 - 0.55 m3/m2 Formwork/floor area 2.0 m2/m2 - 3.0 m2/m2 Reinforcement 180 kg/m3 - 280 kg/m3
Residential Apartments 0.35 m2/m2 Office, Hotel 0.40 m2/m2 Industrial 0.40 m2/m2
Residential Apartments 1.00 m2/m2 Office, Hotel 0.50 m2/m2 Industrial 1.50 m2/m2
Private Cars 5 2.5 2.4 Taxi and Light Vans 5 2.5 2.4 Coaches and Buses 12 3.0 3.8 Lorries 11 3.5 4.1 Container Vehicles 16 3.5 4.5
Lorry (24 ton) 10.0 m3 Concrete Truck (24 ton) 5.5 m3
55 GENERAL CONSTRUCTION DATA Front of House 15 - 25%
Guestroom Floors 45 - 60% Back of House 25 - 30%
Distance from curtain wall 9 - 13% to core wall Population 9m2 usable floor area/person Average waiting 30 - 40 s intervals for lifts
Residential 300
Office 500
Retail 400
Hotel 300 School 300 - 500
GENERAL CONSTRUCTION DATA 56 2 GENERAL CONSTRUCTION DATA
ESTIMATING RULES OF THUMB
Residential 80 - 100
Office 70
Retail 300 - 400
Hotel - Accomodation 30
Hotel - F&B area 550
School 50
Residential 18 - 23
Office 14 - 18
Retail 12 - 14
Hotel 23
School 23
Indicative Dimensions for Sports Grounds
Tennis Court 40 m 20 m
Squash Court 10 m 6.4 m
Basketball Court 34 m 20 m
Volleyball Court 36 m 20 m
Badminton Court 20 m 10 m
Ice Rink 61 m 26 m
Soccer Pitch 120 m 90 m
57 GENERAL CONSTRUCTION DATA PROGRESS PAYMENTS
The following graph and table are an indication of the rate of expenditure for construction projects. The rate of expenditure is an average rate and will vary from project to project when specific project circumstances are taken into account. No account has been made for downpayments or retention.
GENERAL CONSTRUCTION DATA 58 2 GENERAL CONSTRUCTION DATA
PROGRESS PAYMENTS
Contract Period Cumulative Progress Claims 5% 1% 10% 3% 15% 5% 20% 7% 25% 10% 30% 14% 35% 21% 40% 29% 45% 38% 50% 48% 55% 59% 60% 68% 65% 77% 70% 83% 75% 88% 80% 92% 85% 94% 90% 96% 95% 98% 100% 100%
59 GENERAL CONSTRUCTION DATA CONSTRUCTION MATERIALS WHOLESALE PRICE INDEX IN THE NATIONAL CAPITAL REGION (NCR) 2018 Dec 259.60 250.40 245.80 198.70 245.60 200.10 277.00 189.40 305.20 309.20 196.60 186.80 Nov 260.00 248.20 244.80 199.10 245.40 201.00 277.00 189.40 305.80 307.40 196.70 186.80 Oct 257.30 246.40 235.50 197.30 245.40 200.80 276.40 189.30 305.80 305.40 196.70 186.80 Sep 254.20 235.60 229.90 197.80 244.70 200.80 275.80 189.20 308.30 305.40 195.80 186.80 Aug 252.60 235.20 229.50 197.30 244.10 199.50 275.10 189.20 308.00 304.70 195.80 186.80 Jul 251.70 235.00 229.00 197.30 242.50 199.20 273.40 188.90 304.50 304.00 196.10 186.80 Jun 252.40 234.60 230.90 197.50 240.60 199.80 271.50 187.50 304.50 304.00 195.80 186.80 May 2018 251.60 232.90 230.90 197.50 240.60 199.50 269.00 190.20 304.70 303.20 195.80 186.80 Apr 250.50 232.90 230.90 197.30 240.60 199.50 269.00 190.40 303.80 303.20 195.80 186.80 Mar 248.20 232.40 230.90 196.90 238.60 198.50 264.20 190.40 295.90 303.20 195.80 186.80 Feb 247.10 231.90 230.90 193.00 236.80 198.70 261.40 190.40 290.00 302.40 192.30 186.80 Jan 245.10 231.70 230.10 193.20 236.40 196.50 255.60 189.10 286.00 301.00 192.20 186.80 ALL ITEMS ALL A. Sand and Gravel B. Concrete Products C. Cement D. Hardware E. Plywood F. Lumber F. G. G.I. Sheet H. Reinforcing Steel I. Structural Steel J. Tile Works Tile J. K. Glass & Products
GENERAL CONSTRUCTION DATA 60 2 GENERAL CONSTRUCTION DATA
CONSTRUCTION MATERIALS WHOLESALE PRICE INDEX IN THE NATIONAL CAPITAL REGION (NCR) 2018 Dec 218.90 235.40 190.10 212.00 185.80 387.60 466.80 168.70 Nov 218.80 235.00 190.10 212.00 185.80 397.30 466.80 168.70 Oct 216.30 234.40 189.50 212.30 185.80 417.40 466.80 168.70 Sep 216.20 234.50 189.50 212.40 185.80 408.70 466.80 168.70 Aug 216.20 233.60 189.60 212.30 185.80 394.20 466.80 168.70 Jul 216.20 232.20 189.60 212.00 185.10 392.70 466.80 168.70 Jun 211.20 211.20 217.10 229.90 188.50 184.40 393.20 466.80 168.70 May 2018 211.40 211.40 217.10 226.60 188.70 184.40 385.40 466.80 168.70 Apr 211.40 211.40 217.10 223.60 188.70 184.40 375.40 466.80 168.70 Mar 211.80 211.80 211.20 211.20 219.50 188.50 184.40 367.20 466.80 168.70 Feb 211.80 211.80 211.10 211.10 217.30 188.50 184.40 367.00 466.80 168.70 Jan 211.60 211.60 215.50 187.20 210.60 184.20 357.60 466.80 168.70 ALL ALL ITEMS Casement cessories / Waterworks Rental L. Doors, Jambs, and Steel M. Electrical Works N. Plumbing Fixtures & Ac - N. Plumbing Fixtures & O. Painting Works P. PVC Pipes P. Q. Fuel and Lubricants R. Asphalt R. S. Machinery and Equipment
61 GENERAL CONSTRUCTION DATA DEC - NOV 0.2% - NOV - 1.0% OCT OCT - SEP 1.2% SEP - 0.6% AUG AUG - 0.4% JUL 0.3% - JUL - JUN All Items - JUN - 0.3% MAY MAY - 0.4% APR APR - 0.9% MAR MAR - 0.4% FEB FEB - 0.8% JAN Construction Materials Construction Wholesale Price Index 2018 (2000=100) Movement Price Monthly Source: Philippine Statistics Authority Source: Philippine Statistics
GENERAL CONSTRUCTION DATA 62 2 GENERAL CONSTRUCTION DATA
MINIMUM WAGE
Amount NCR Wage Peso Year of Order No. per Day Increase 08 January 1991 W.O. No. NCR 2 12.00 118.00 16 December 1993 W.O. No. NCR 3 17.00 135.00 01 April 1994 W.O. No. NCR 3 10.00 145.00 02 February 1996 W.O. No. NCR 4 16.00 161.00 01 May 1996 W.O. No. NCR 4 4.00 165.00 06 February 1997 W.O. No. NCR 5 15.00 180.00 01 May 1997 W.O. No. NCR 5 5.00 185.00 06 February 1998 W.O. No. NCR 6 13.00 198.00 31 October 1999 W.O. No. NCR 7 25.50 223.50 01 November 2000 W.O. No. NCR 8 26.50 250.00 05 November 2001* W.O. No. NCR 9 15.00 265.00 01 February 2002* W.O. No. NCR 9 15.00 280.00 10 July 2004* W.O. No. NCR 10 20.00 300.00 16 June 2005 W.O. No. NCR 11 25.00 325.00 11 July 2006 W.O. No. NCR 12 25.00 350.00 28 August 2007 W.O. No. NCR 13 12.00 362.00 14 June 2008 W.O. No. NCR 14 15.00 377.00 28 August 2008 W.O. No. NCR 14 5.00 382.00 23 June 2010 W.O. No. NCR 15 22.00 404.00 26 May 2011 W.O. No. NCR 16 22.00 426.00 03 June 2012 W.O. No. NCR 17 20.00 446.00 01 November 2012 W.O. No. NCR 17 10.00 456.00 04 October 2013 W.O. No. NCR 18 10.00 466.00 04 April 2015 W.O. No. NCR 19 15.00 481.00 02 June 2016 W.O. No. NCR 20 10.00 491.00 05 October 2017 W.O. No. NCR 21 21.00 512.00 05 November 2018 W.O. No. NCR 22 25.00 537.00
* ECOLA (Emergency Cost of Living Allowance) Source: National Wages and Productivity Commission, Department of Labor and Employment
63 GENERAL CONSTRUCTION DATA ANNUAL AVERAGE OF CONSTRUCTION MATERIALS WHOLESALE PRICE INDEX (CMWPI) IN NCR
Amount 2015 2016 2017 2018 NCR Wage Peso COMMODITY GROUP Year of Ave. Ave. Ave. Ave. Order No. per Day Increase ALL ITEMS 224.2 227.3 234.7 252.5 08 January 1991 W.O. No. NCR 2 12.00 118.00 A. Sand and Gravel 216.2 223.5 229.0 237.3 16 December 1993 W.O. No. NCR 3 17.00 135.00 01 April 1994 W.O. No. NCR 3 10.00 145.00 B. Concrete Products 212.9 217.7 221.4 233.3 02 February 1996 W.O. No. NCR 4 16.00 161.00 C. Cement 196.6 200.3 196.7 196.9 01 May 1996 W.O. No. NCR 4 4.00 165.00 D. Hardware 223.9 225.9 228.7 241.8 06 February 1997 W.O. No. NCR 5 15.00 180.00 01 May 1997 W.O. No. NCR 5 5.00 185.00 E. Plywood 192.8 195.0 193.9 199.5 06 February 1998 W.O. No. NCR 6 13.00 198.00 F. Lumber 246.7 245.6 251.2 270.5 31 October 1999 W.O. No. NCR 7 25.50 223.50 01 November 2000 W.O. No. NCR 8 26.50 250.00 G. G.I. Sheet 191.3 186.3 186.6 189.5 05 November 2001* W.O. No. NCR 9 15.00 265.00 H. Reinforcing Steel 254.8 269.4 278.4 301.9 01 February 2002* W.O. No. NCR 9 15.00 280.00 10 July 2004* W.O. No. NCR 10 20.00 300.00 I. Structural Steel 286.8 276.9 284.6 304.4 16 June 2005 W.O. No. NCR 11 25.00 325.00 J. Tile Works 188.6 187.5 190.2 195.5 11 July 2006 W.O. No. NCR 12 25.00 350.00 28 August 2007 W.O. No. NCR 13 12.00 362.00 K. Glass & Glass Products 185.2 185.2 185.2 186.8 14 June 2008 W.O. No. NCR 14 15.00 377.00 L. Doors, Jambs, and Steel 28 August 2008 W.O. No. NCR 14 5.00 382.00 206.1 204.5 209.7 215.8 Casement 23 June 2010 W.O. No. NCR 15 22.00 404.00 26 May 2011 W.O. No. NCR 16 22.00 426.00 M. Electrical Works 210.3 212.8 212.9 228.1 03 June 2012 W.O. No. NCR 17 20.00 446.00 N. Plumbing Fixtures & 01 November 2012 W.O. No. NCR 17 10.00 456.00 Accessories / Water- 179.7 184.3 185.9 189.0 04 October 2013 W.O. No. NCR 18 10.00 466.00 works 04 April 2015 W.O. No. NCR 19 15.00 481.00 02 June 2016 W.O. No. NCR 20 10.00 491.00 O. Painting Works 208.5 207.5 210.0 211.7 05 October 2017 W.O. No. NCR 21 21.00 512.00 P. PVC Pipes 183.9 183.9 184.0 185.0 05 November 2018 W.O. No. NCR 22 25.00 537.00 Q. Fuel and Lubricants 275.6 268.3 309.2 387.0 * ECOLA (Emergency Cost of Living Allowance) R. Asphalt 466.8 466.8 466.8 466.8 Source: National Wages and Productivity Commission, S. Machinery and Equipment Department of Labor and Employment 168.7 168.7 168.7 168.7 Rental
GENERAL CONSTRUCTION DATA 64
PROPERTY 3
Property Updates on:
Commercial
Residential
Hotels and Serviced Apartments
Retail 3 PROPERTY
In General The Philippines continues to be one of the bright spots in Asia, with a GDP growth rate of 6.1% in 3Q18. The latest recorded GDP growth showed a slowdown but managed to remain as one of the fastest growing in Asia along with Vietnam and mainland China. The y-o-y decline in growth may be attributed to the lower consumer spending on the back of high inflation rate registered in recent periods. Average inflation rate for full year 2018 closed at 5.2%, above the government target’s range of 3.0 percent ± 1.0 percentage point for the year. The rise in inflation rate pushed the Bangko ng Sentral ng Pilipinas (BSP) to increase the interest rates five times in 2018 finishing at 4.75%, up 175 bps y-o-y, tempering the velocity of inflation rate increases. The weakening of the Philippine Peso against the USD along with the 4.4% y-o-y growth of Overseas Filipino (OF) remittances to the country totalling to USD 23.7 billion by end October 2018, balanced the overall performance of the economy sustaining the spending of OF families. The Philippine economy experienced a mix of highs and lows in 2018 with the property market showing stable performance as investors continue to be keen on real estate investments and demand for the different asset classes sustain a moderate growth.
There was a robust growth in the office property market with new developments completed and healthy office space demand from occupiers in 2018. Further, vacancy rate was maintained at a manageable level registering 6% in 4Q18. IT-BPM, particularly Offshoring and Outsourcing (O&O) firms, Philippine Offshore Gaming Operators (POGO) and flexible workspace providers fuelled office
67 PROPERTY space demand, typically occupying large office spaces in different buildings. Likewise, Tholons’ 2018 Super Cities support the Philippines as an ideal location for offshoring operations. In Tholons’ 2018 100 Super Cities, Metro Manila ranked second, with Cebu City (11th), Davao City (75th) Sta. Rosa (87th), Bacolod (89th), and Iloilo (92nd) included in the rankings.
The performance of the residential property market remained positive with the stable demand for residential units from foreign and local investors and end-users. Demand for high-end to luxury price segment was driven by local and foreign HNWIs. On a separate note, O&O firms and MNCs expatriate employees are the demand drivers for the leasing residential market. Residential Price Index by BSP for condominium units in Metro Manila presented q-o-q growth of 5.6% in 3Q18, exhibiting a healthy demand for this housing type.
The retail property market in the Philippines maintained its healthy growth albeit the deferred completions of retail developments. This did not interrupt the entry and expansion of both local and foreign brands as they continued to take advantage of Filipinos’ growing young population and increasing purchasing power from growing OF remittances and O&O sector, among others. Majority of the foreign brand expansions came from the fashion and F&B sectors, while majority of the local brand expansions came from the F&B sector.
Hotel property market in the Philippines maintained its positive performance buoyed by the rise of tourism- related activities to support this asset class. Makati City continues to hold most of the hotel room supply being a MICE destination. Meanwhile, development completions in 2018 are mostly situated in Pasay City with more hotel- resort developments in Bay Area supported by increase in
PROPERTY 68 3 PROPERTY
tourist arrival reported for 2018. Foreign tourists coming to the country are dominantly from Mainland China and South Korea.
Commercial Sector Prime and Grade A office developments completed in 2018 added 1.1 million sqm to the existing stock, resulting to a total cumulative stock of 7.7 million sqm office space by end-2018. The rise of development completions in BGC and its fringes in recent periods led to a market share of 28% in Taguig City, leading the total supply of office spaces in Metro Manila. Makati City follows accounting for 19% and Pasig City with a market share of 16%. On the developments in the pipeline, supply of around 2.1 million sqm is expected to be added to the existing supply from 2019 to 2021. Despite headwinds through the delays in PEZA-accredited buildings and project completions, the demand of office space remained healthy recording a vacancy rate of 6% in 4Q18. O&O firms remained as the major office space occupier followed by Philippine Offshore Gaming Operators (POGO). As of September 2018, the number of POGOs accredited by PAGCOR totalled to 57 firms. Apart from O&O and POGOs, technology companies were perceived as an emerging driver of office space demand, with technology companies such as flexible workspace operators and e-commerce firms expanding presence in the Philippine market. Other sources of demand include IT companies and traditional office space occupiers.
Some office completion in 2018 are World Commerce Plaza (BGC) by Megaworld Corporation in Taguig City, Glas Tower by Green Asia in Pasig City, Century Diamond Tower by Century Properties in Makati City, SM Megamall Mega Tower by AM Investments Corporation in Pasig City and DoubleDragon Plaza Tower 3 by DoubleDragon Properties Corp. in Pasay City, among others.
69 PROPERTY Rents for Prime and Grade A offices per district is as follows, Makati City rents range from PHP 700 to PHP 1,850, Taguig City rents range from PHP 750 to PHP 1,650, Muntinlupa City rents range from PHP 525 to PHP1,300, Pasig City rents range from PHP 650 to 950, Quezon City rents range from PHP 650 to PHP 975, Pasay City rents range from PHP 850 to 950 and Madaluyong City rents range from PHP 750 to PHP 900.
Accumulated Total Office Stock (in sqm) Metro Manila (2001-2021E)
Note: Office developments included are classified as Prime and Grade A Offices Source: JLL Research and Consultancy
Residential Condominium Sector A total of 35,700 units was completed in 2018, ending the year with 337,000 residential condominium units. Concentration of existing supply is mostly in Quezon City with 20% share of the total existing supply, Makati City with 18% and Taguig City with 14%. Around 61,000 units are expected to come from 2019 to 2021 projects in the pipeline. The demand driver for residential sale market are predominantly foreign and local high net worth individuals seeking investment. Meanwhile, the leasing market was driven by the occupancy from expatriate employees of O&O firms and MNCs.
PROPERTY 70 3 PROPERTY
Some completed developments in 2018 are The Radiance Manila Bay (Tower A) by Robinsons Land Corporation in in Pasay City, Fern at Grass Residences (Tower 4) by SM Development Corporation (SMDC) in Quezon City, Suntrust Parkview by Megaworld Corporation in Manila City, Asteria Residences (1st Phase) by DMCI in Parañaque City, Arbor Lanes by Ayala Land, Inc. in Taguig City, among others
Makati City commanded the highest price per sqm with price range from PHP 72,800 to PHP 425,000. Taguig City follows with price range from PHP 63,400 per sqm to PHP 327,300 per sqm, Quezon City with price range from PHP 89,400 per sqm to PHP 232,600 per sqm, Pasay City with price range from PHP 46,200 per sqm to PHP 222,300 per sqm, Mandaluyong City with price range from PHP 33,200 per sqm to PHP 193,000 per sqm, Muntinlupa City with price range from PHP 46,800 per sqm to PHP 192,000 per sqm, Manila City with price range from PHP 99,000 per sqm to PHP 187,500 per sqm, Pasig City with price range from PHP 89,300 per sqm to PHP 187,200 per sqm, Parañaque City with price range from 65,300 per sqm to PHP 183,400 per sqm and other districts with price range from PHP 43,700 per sqm to PHP 96,300 per sqm.
Accumulated Total Number of Residential Condominium Units Metro Manila (2001-2021E)
71 PROPERTY Retail Sector Added supply in 2018 summed to 350,000 sqm in 2018, totalling the existing stock to 6.5 million sqm. Most of the development completions in 2018 came from mall developments by big players namely Ayala Land, Inc. and SM Prime Holdings. Ayala Land completed three shopping malls in 2018 namely, Ayala Malls Feliz in Pasig City, Circuit Mall in Makati and One Bonifacio in Taguig City. These developments added 150,000 sqm of GLA to the total supply. SM Mall of Asia Expansion located in Pasay City also contributed 160,000 sqm of Gross Leasable Area to retail supply.
More retail spaces and shopping mall amounting to 697,000 sqm in Metro Manila are expected to finish between 2019 and 2021. Retail property demand are from foreign and local brands. Among other foreign fashion brands for expansion in 2018 are as Uniqlo Flagship Store (Japan) in Glorietta 5, Swarovski (Austria) in SM Mall of Asia, Steve Madden (USA) in Trinoma, Jins (Japan) in SM North EDSA, and Charriol in Podium. Some of the new foreign brands are also entering the market with Red Lobster (USA) in S Maison and Motto Motto (Japan) in Serendra that entered in 4Q18.
Local brands expansion also contributed to the demand; Some of the brands are Potato Corner Lab, a new concept, in Glorietta 4, Gingersnaps in SM Megamall, Sunnies Specs in SM North EDSA, The Wholesome Table in Alabang Town Center. New local brands are also establishing themselves such as BLK cosmetics in Glorietta 1 & 2. Expansion and entry of brands in the country is supported by the growing population, increasing purchasing power due to TRAIN law, and more employment provided by O&O.
PROPERTY 72 3 PROPERTY
Accumulated Total Retail Stock (in sqm) Major Metro Manila Malls (2001-2021E)
Source: JLL Research and Consultancy
Hotels and Serviced Apartments Sector
Foreign tourist arrival in the country remains robust with 9.2% average growth with around 5.9 million total tourist arrival from January 2018 to October 2018. Top tourist arrival according to the Department of Tourism (DoT) came from South Korea (22%), Mainland China (18%), and USA (14%). 2018 closed adding around 3,000 new hotel rooms in Metro Manila, arriving at a cumulative hotel room supply of 36,000 by end-2018. Majority of hospitality developments are hotel-resort located in the Bay Area (within Pasay City and Parañaque City) supported by the increase of tourist arrivals and online gaming industry activities in the area. More hotel developments are expected to be completed in 2019 to 2021, contributing around 8,400 rooms to the total supply.
According to DoT, hotel occupancy rate in Metro Manila for 2017 declined by 2.27% y-o-y from 66.22% overall occupancy of 2016. However, length of stay on the other hand increased by 45.57% y-o-y with an average of 3.45 days compared to the average 2.37 days in 2016. The decline in the occupancy rate of First class, Standard
73 PROPERTY and Economy rooms affected the overall occupancy rate of the market. Additional supply to completed hotel developments declined the overall occupancy rate of the Hotel market despite the longer recorded length of stay.
The current supply is mostly located in Makati City, a MICE destination, owing 25% of the exiting supply. High- volume of developments in Makati City are 4-star and 5-star developments that accommodates both tourist and business requisites. Among completed hotels for 2018 are Grand Hyatt Manila City by Federal Land, Inc. in Taguig City, Savoy Manila Hotel by Alliance Global Inc in Pasay City, Hop Inn Alabang by Erawan Hop Inn Co., Ltd. In Muntinlupa City, Citadines Bay City Manila by The Ascott Limited in Pasay City and Hilton Manila City by Alliance Global, Inc. in Pasay City
Average Occupancy Rates of Hotels in Metro Manila by Hotel Classification: 2001-2017
Source: Department of Tourism
Disclaimer: This document is prepared by Jones Lang LaSalle, for information only. Whilst reasonable care has been exercised in preparing this document, it is subject to change, and Jones Lang LaSalle makes no representations as to its truth, accuracy or completeness, and accordingly cannot be held responsible for any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this document.
PROPERTY 74 3 PROPERTY
JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. Our vision is to reimagine the world of real estate, creating rewarding opportunities and amazing spaces where people can achieve their ambitions. In doing so, we will build a better tomorrow for our clients, our people and our communities. JLL is a Fortune 500 company with operations in over 80 countries and a global workforce of 88,000 as of September 30, 2018. JLL is a brand name, and a registered trademark of Jones Lang LaSalle Incorporated. For further information, visit jll.com
In the Philippines, JLL has been operating since 1997 and currently manages about 4.8 million square meters of real estate with a workforce of over 1,300 employees. With more than two decades of local expertise working hand-in-hand with its global legacy, JLL offers to the Philippine real estate market an unparalleled synergy of services with a process- oriented approach.
For more information, visit www.jll.com.ph
Jones Lang LaSalle 5/F BDO Equitable Tower 8751 Paseo de Roxas 1226 Makati City Philippines Telephone: +63 2 902 0888 Fax: +63 2 729 5159 Websites : www.jll.com.ph : http://www.ap.jll.com/asia-pacific/en-gb/research
For more information, please contact
Christophe Vicic Country Head Telephone: +63 2 902 0888 Email: [email protected]
Janlo de los Reyes Head of Research and Consultancy, Philippines Telephone: +63 2 902 0888 ext 887 Mobile: +63 918 914 3309 Email: [email protected]
75 PROPERTY FINANCIAL 4
Philippines Key data
Economic Highlights
Financial Definitions
Mortgage Repayment Table
Consumer Price Index
Exchange Rates Currency
Charts
Prime Rates
Manila Reference Rate 4 FINANCIAL
PHILIPPINES KEY DATA
POPULATION Population (2017) 104.9 M Population (2018) 107.0 M Urban Population* 47.15% Population under 15 30.90% Population over 65 5.20% Ave. Annual Growth Rate (2015-2020) 1.59%
GEOGRAPHY Land Area 298,170 km2
Agricultural Area (2017) 45% Capital City Manila (population Metropolitan Manila) 12.88M (population Manila as of May 2018) 1.78M
ECONOMY 2018 Monetary Unit Peso Average Headline Inflation Rate (2012=100) (Full Year 2018) 5.20% Gross Domestic Product (GDP) (Full Year 2018) Php 17,422,819 (in mil) GDP per Capita Php 163,443 CONSTRUCTION (Full Year 2018) Gross Value of Contruction Output Php 2,347,393 (in mil) Net Value of Construction Output Php 1,358,754 (in mil) Net Value of Construction Output 7.80% as a proportion of the GDP
* Population on Philippine Cities only * Projection Source: National Accounts of the Philippines Philippine Statistical Yearbook Philippine Statistics Authority
77 FINANCIAL ECONOMIC HIGHLIGHTS 4TH QUARTER 2018
Philippine GDP grows 6.1 percent in the fourth quarter of 2018
Gross Domestic Product (GDP) posted a 6.1 percent growth in the fourth quarter of 2018. The main drivers of growth for the quarter were Construction; Trade and Repair of Motor Vehicles, Motorcycles, Personal and Household Goods; and Other Services.
Among the major economic sectors during the fourth quarter of 2018, Industry had the fastest growth, with 6.9 percent. This was followed by Services, which grew by 6.3 percent, and Agriculture, by 1.7 percent.
Net Primary Income (NPI) grew by 0.9 percent. As a result, Gross National Income (GNI) posted a growth of 5.2 percent.
With the country’s projected population reaching 107.0 million in the fourth quarter of 2018, per capita GDP and per capita GNI grew by 4.4 percent and 3.6 percent, respectively. Meanwhile, per capita Household Final Consumption Expenditure (HFCE) grew by 3.8 percent.
Source: National Accounts of the Philippines Philipiine Statistics Authority (www.psa.gov.ph)
FINANCIAL 78 4 FINANCIAL
FINANCIAL DEFINITIONS
Discount Rate
The rate of return a developer expects when investing in a project (i.e. opportunity cost).
Internal Rate Of Return (IRR)
The IRR may be defines as the interest rate that equates the percent value of expected future cash flows to the cost of the investment. The IRR can be compared to the Discount Rate.
Net Present Value (NPV)
The NPV is the present value of all future cash flows, discounted back to today's values at the Discount Rate. The NPV indicates in today's dollars the profit or loss a developer makes above or below his required profit (based on nominated Discount Rate).
72 Rule
The approximate number of years required to double your capital can be calculated by dividing the interest rate into 72.
e.g. If interest rate = 10% p.a. Then 72 / 10 = 7.2 years It will take approximately 7.2 years to double your capital if it is invested at 10% p.a.
79 FINANCIAL FINANCIAL FORMULAE
Future value of $1 FV = PV (1+i)n
Future value of $1 per period FV = PMT [((1+i)n-1), i]
Singking Fund PMT = FV [i, ((1+i)n-1)] (the amount required to be put away periodically to realize some future sum)
Present value of $1 PV = FV[1, (1+i)n]
Present value of $1 per period. PV = PMT [((1+i)n-1), (i(1+i)n)]
Annuity with a PV of $1 PMT = PV [i(1+i)n, ((1+i)n-1)] (mortgage bond formula)
PV = present value FV = future value PMT = payment amount n = period (e.g. 10 years with monthly payments, n = 10 x 12 = 120) i = interest rate per period (e.g. 12% p.a. compounded monthly; i = 12 % ÷ 12 months = 1% per period)
FINANCIAL 80 4 FINANCIAL
MORTGAGE REPAYMENT TABLE
Based on: • 1,000 units of currency • Interest compounded monthly • Equal monthly repayments
Interest Repayment Years p.a. 5 10 15 20 5% 18.87 10.61 7.91 6.60 6% 19.33 11.10 8.44 7.16 7% 19.80 11.61 8.99 7.75 8% 20.28 12.13 9.56 8.36 9% 20.76 12.67 10.14 9.00 10% 21.25 13.22 10.75 9.65 11% 21.74 13.78 11.37 10.32 12% 22.24 14.35 12.00 11.01 13% 22.75 14.93 12.65 11.72 14% 23.27 15.53 13.32 12.44 15% 23.79 16.13 14.00 13.17 16% 24.32 16.75 14.69 13.91 17% 24.85 17.38 15.39 14.67 18% 25.39 18.02 16.10 15.43 19% 25.94 18.67 16.83 16.21 20% 26.49 19.33 17.56 16.99 21% 27.05 19.99 18.31 17.78 22% 27.62 20.67 19.06 18.57 23% 28.19 21.35 19.82 19.37 24% 28.77 22.05 20.58 20.17 25% 29.35 22.75 21.36 20.98
Example Borrow $1,000,000 to be repaid monthly at 10% p.a. over 10 years.
Repayments = 1,000,000 / 1,000 x $13.22 = $13,220 per month
81 FINANCIAL CONSUMER PRICE INDEX
Year Index % Change 2012 100.0 3.17% 2013 102.6 2.58% 2014 106.3 3.60% 2015 107.0 0.67% 2016 108.4 1.25% 2017 111.5 2.85% 2018 117.3 5.20%
Note: Base Date 2012 = 100 Source: Philippine Statistics Authority
FINANCIAL 82 4 FINANCIAL
EXCHANGE RATES
Approximate Rates prevailing as at 19 November 2018.
Foreign PHP in US$ in COUNTRY CURRENCY Currency Foreign Foreign in PHP Currency Currency
Australia* dollar 38.48 0.03 1.37
Bahrain* dinar 139.74 0.01 0.38
Brunei* dollar 38.26 0.03 1.37
Canada* dollar 40.03 0.03 1.32
China* yuan 7.60 0.13 6.94
Denmark+ kroner 8.05 0.12 6.54
European Currency euro 60.09 0.02 0.88 Unit*
Hong dollar 6.73 0.15 7.83 Kong*
India+ rupee 0.73 1.37 71.79
Indonesia* rupiah 0.004 277.626 14,603.57
Japan* yen 0.47 2.14 112.70
Malaysia+ ringgit 12.57 0.08 4.19
New dollar 36.14 0.03 1.46 Zealand+
Norway kroner 6.24 0.16 8.44
Notes: * Convertible currencies with BSP + Non convertible currencies with BSP
83 FINANCIAL Foreign PHP in US$ in COUNTRY CURRENCY Currency Foreign Foreign in PHP Currency Currency
Pakistan+ rupee 0.39 2.55 134.38
Saudi rial 14.04 0.07 3.75 Arabia*
Singapore* dollar 38.40 0.03 1.37
South rand 3.77 0.27 14.02 Africa+ South won 0.05 21.44 1,127.78 Korea*
Sweden+ kroner 5.84 0.17 9.01
Switzerland* franc 52.66 0.02 1.00
Taiwan+ NT dollar 1.71 0.59 30.92
Thailand* baht 1.60 0.63 32.97
United Arab Emirates dirham 14.34 0.07 3.67 (UAE)*
United pound 67.60 0.01 0.78 Kingdom*
United States of dollar 52.68 0.02 1.00 America*
Notes: Source: BSP Reference Rate * Convertible currencies with BSP + Non convertible currencies with BSP
FINANCIAL 84 4 FINANCIAL
CURRENCY CHARTS
US Dollar
Japanese Yen
Note: Yearly Average Rate
85 FINANCIAL Sterling Pound
Singaporean Dollar
(Cont'd)
FINANCIAL 86 4 FINANCIAL
CURRENCY CHARTS
Dirham
Hong Kong Dollar
Note: Yearly Average Rate
87 FINANCIAL Euro
Australian Dollar
(Cont'd)
FINANCIAL 88 4 FINANCIAL
PRIME RATES
Approximate rates prevailing in 4th Quarter 2018
COUNTRY RATE (%)
China** 4.75 Hong Kong 5.13 India 9.45 Indonesia 6.75 Macau 5.38 Malaysia^^^ 4.60 Philippines 4.35 Singapore 5.33 Thailand# 7.00 United Kingdom 0.75 United States of America 5.25 Vietnam## 9.00
China** = 5-year Benchmark Lending Rate
Malaysia^^^ = Indicative Effective Lending Rate
Thailand# = Minimum Loan Rate % per annum (averaged based on local bank)
Vietnam ## = Min and in VND per year
89 FINANCIAL MANILA REFERENCE RATE
Approximate rates prevailing in 4th Quarter 2018
PHILIPPINE CENTRAL BANK MANILA REFERENCE RATE DATE (%) Mar 2013 2.96 Jun 2013 2.00 Sep 2013 1.54 Dec 2013 1.47 Mar 2014 1.27 Jun 2014 1.29 Sep 2014 1.42 Dec 2014 1.50 Mar 2015 1.13 Jun 2015 2.08 Sep 2015 2.01 Dec 2015 1.76 Mar 2016 1.61 Jun 2016 1.70 Sep 2016 1.51 Dec 2016 1.49 Mar 2017 2.27 Jun 2017 2.50 Sep 2017 2.47 Dec 2017 2.42 Mar 2018 2.80 Jun 2018 3.74 Sep 2018 4.27 Dec 2018 5.76 Note: Based on all maturities.
FINANCIAL 90
OTHER INFORMATION 5
Philippine Map Public Holidays IDD Codes and Time Differences
Conversion Factors
Arcadis Professional Services
Environmental Sustainability
Development Management
Water Consultancy
PPP & Infrastructure Consultancy
Quality System
Arcadis Asia Leadership Team
Arcadis Philippines Leadership Team
International Directory of Offices 5 OTHER INFORMATION
93 OTHER INFORMATION PUBLIC HOLIDAYS
2019
PHILIPPINES New Year's Day 01 Jan* Chinese New Year 05 Feb# EDSA People Power Revolution 25 Feb# Araw ng Kagitingan 09 Apr* Maundy Thursday 18 Apr* Good Friday 19 Apr* Black Saturday 20 Apr# Labor Day 01 May* End of Eid-ul-Fitre (Feast of Ramadhan) 06 Jun* Independence Day 12 Jun* Eid-ul-Adha 12 Aug* Ninoy Aquino Day 21 Aug# National Heroes Day 26 Aug* All Saint's Day 01 Nov# All Soul's Day 02 Nov# Bonifacio Day 30 Nov* Feast of the Immaculate Conception of Mary 08 Dec# Christmas Eve 24 Dec# Christmas Day 25 Dec* Rizal Day 30 Dec* Last Day of the Year 31 Dec#
* Regular Holidays # Special Non-Working Holidays
OTHER INFORMATION 94 5 OTHER INFORMATION
PUBLIC HOLIDAYS
2019
CHINA New Year’s Day 01 Jan Chinese New Year’s Eve 04 Feb Chinese New Year$ 05 Feb 10 Feb Women’s Day* 08 Mar@ Ching Ming Festival 05 Apr Labour Day 01 May Dragon Boat Festival 07 Jun Mid-Autumn Festival 13 Sep National Day# 01 Oct 02 Oct 03 Oct Chung Yeung Festival 07 Oct@
$ 05-10 Feb 2019 are holidays * All women can have a half day holiday # 01-07 Oct 2019 are public holidays. 05-06 Oct 2019 are working days. @ Non-Statutory Holiday
95 OTHER INFORMATION 2019
HONG KONG New Year’s Day 01 Jan Lunar New Year (Day 1) 05 Feb Lunar New Year (Day 2) 06 Feb Lunar New Year (Day 3) 07 Feb Ching Ming Festival 05 Apr Good Friday 19 Apr Holy Saturday 20 Apr Easter Monday 22 Apr Labour Day 01 May Birthday of the Buddha Holiday* 13 May Tuen Ng Festival 07 Jun HKSAR Establishment Day 01 Jul The day Following 14 Sep Chinese Mid-Autumn Festival National Day 01 Oct Chung Yeung Festival 07 Oct Christmas Day 25 Dec The 1st weekday after Christmas Day 26 Dec
*As the Birthday of the Buddha in 2019 falls on a Sunday, the day following it is designated as a general holiday in substitution
(Cont'd)
OTHER INFORMATION 96 5 OTHER INFORMATION
PUBLIC HOLIDAYS
2019
MACAU New Year's Day 01 Jan Lunar New Year's Eve (Afternoon) 04 Feb* Lunar New Year's Day 5-Feb The 2nd day of Lunar New Year 06 Feb The 3rd day of Lunar New Year 07 Feb Ching Ming Festival 05 Apr Good Friday 19 Apr Holy Saturday 20 Apr Easter Monday 22 Apr* Labour Day 01 May Birthday of the Buddha Holiday 13 May* Tung Ng Festival 07 Jun The day Following Chinese 14 Sep Mid-Autumn Festival 01 Oct National Day 02 Oct The day following National Day 07 Oct Chung Yeung Festival 02 Nov All Soul's Day 04 Nov* All Soul's Day Holiday 08 Dec Feast of the Immaculate Conception 09 Dec* Feast of the Immaculate Conception Holiday 20 Dec Macau SAR Establishment Day 22 Dec Winter Solstice 23 Dec* Winter Solstice Holiday 24 Dec Christmas Eve 25 Dec Christmas Day 31 Dec* New Year's Eve (Afternoon)
* Special Holiday Granted by Chief Executive for staff in Public Administration
97 OTHER INFORMATION 2019
INDIA New Year's Day 01 Jan Maharashtra Day 01 May Ramzan 05 Jun Independence Day 15 Aug Ganesh Chaturthi 02 Sep Gandhi Jayanthi 02 Oct Dasara 08 Oct Diwali 28 Oct Christmas Day 25 Dec
INDONESIA
New Year's Day 01 Jan Chinese New Year's (Imlek) 05 Feb Idul Adha Day Hindu Day of Quiet (Nyepi) 07 Mar Ascension of Prophet Muhammad 03 Apr Good Friday 19 Apr International Labour Day 01 May Waisak Day 19 May Ascension Day of Jesus Christ 30 May Pancasila Day 01 Jun Idul Fitri 05 Jun 06 Jun Idul Adha Day 11 Aug National Independence Day 17 Aug Hijriyah New Year 01 Sep Prophet Muhammad's Birthday 09 Nov Christmas Day 25 Dec
(Cont'd)
OTHER INFORMATION 98 5 OTHER INFORMATION
PUBLIC HOLIDAYS
2019
MALAYSIA New Year's Day ** 01 Jan Chinese New Year 05 Feb 06 Feb Labour Day 01 May Wesak Day 19 May# Hari Raya Aidilfitri* 05 Jun 06 Jun Hari Raya Qurban* 11 Aug National Day 31 Aug Awal Muharam (Islamic New Year) 01 Sep# King/Agong's Birthday 09 Sept Malaysia Day 16 Sep Deepavali* 27 Oct# Prophet Muhammad's Birthday 09 Nov Christmas Day 25 Dec
* Subject to changes ** Except Johor, Kelantan, Kedah, Perlis & Terengganu # The following Monday will be an additional public holiday
99 OTHER INFORMATION 2019
SINGAPORE New Year's Day 01 Jan Chinese New Year 05 Feb 06 Feb Good Friday 19 April Labour Day 1 May Vesak Day 19 May# Hari Raya Puasa 05 Jun National Day 09 Aug Hari Raya Haji 11 Aug# Deepavali* 27 Oct# Christmas Day 25 Dec
* Subject to changes # The following Monday will be a public holiday.
VIETNAM
New Year's Day 01 Jan Lunar New Year 04 Feb 05 Feb 06 Feb 07 Feb 08 Feb Liberation Day of Saigon 30 Apr International Labour Day 01 May National Day 02 Sep Hung Vuong King Celeration 14 Apr 15 Apr # Christmas Day 24 Dec 25 Dec
# Substitute
(Cont'd)
OTHER INFORMATION 100 5 OTHER INFORMATION
PUBLIC HOLIDAYS
2019
THAILAND New Year 01 Jan Makha Bucha Day 19 Feb Chakri Memorial Day 08 Apr1 Songkran Festival 15 Apr² Songkran Festival 16 Apr² Labour Day 01 May Wisakha Bucha Day 20 May³ Asarnha Bucha Day 16 Jul H.M. King Maha Vajiralongkorn's Birthday 29 July⁴ H.M. the Queen's Birthday 12 Aug H. M. King Bhumibol Adulyadej Memorial Day 14 Oct⁵ Chulalongkorn Day 23 Oct H.M. King Bhumibol Adulyadej's 05 Dec Birthday / Father's Day Constitution Day 10 Dec New Year's Eve 31 Dec
1 - As Chakri Memorial Day falls on Saturday (6 Apr) , Monday is designated as a general holiday in substitution
2 - As Songkran Festival falls on Saturday (13 Apr) and Sunday (14 Apr); Monday and Tuesday is designated as a general holidays in substitution
3 - As Wisakha Bucha Day falls on Saturday (18 May), Monday is designated as a general holiday in substitution
4 - As H. M. King Maha Vajiralongkorn's Birthday falls on Sunday (28 July) , Monday is designated as a general holiday in substitution
5 - As H. M. Bhumibol Adulyadej Memorial Day falls on Sunday (13 Oct) , Monday is designated as a general holiday in substitution
101 OTHER INFORMATION IDD CODES AND TIME DIFFERENCES
IDD TIME LOCATION COUNTRY AREA DIFFERENCE CODE CODE (Hours)* Australia: Melbourne 61 3 +3 Perth 61 8 0 Sydney 61 2 +3 Bahrain 973 - -5 Bangladesh (Dhaka) 880 2 -2 Bhutan (Thimphu) 975 2 -2 Brunei: Bandar Seri Begawan 673 2 0 Kuala Belait 673 3 0 Cambodia (Phnom Penh) 855 23 -1 Canada: Toronto (Metropolitan) 1 416 -13 Vancouver 1 604 -16 China: Beijing 86 10 0 Guangzhou 86 20 0 Hong Kong 852 - 0 Macau 853 - 0 Shanghai 86 21 0 Shenzhen 86 755 0 France (Paris) 33 1 -7 India: Bangalore 91 80 -2.5 Chennai 91 44 -2.5 New Delhi 91 11 -2.5 Mumbai 91 22 -2.5 Indonesia: Bali 62 36 0 Jakarta 62 21 -1 Ireland: Cork 353 21 -8 Dublin 353 1 -8 Japan: Tokyo 81 3 +1 Osaka 81 6 +1 Korea (Seoul) 82 2 +1 Korea (Pyongyang) 850 2 +1 Laos (Vientiane) 856 21 +0.5
Source : www.worldtimeserver.com ; www.worldtimezone.com www.timeanddate.com
OTHER INFORMATION 102 5 OTHER INFORMATION
IDD CODES AND TIME DIFFERENCES
IDD TIME LOCATION COUNTRY AREA DIFFERENCE CODE CODE (Hours)* Malaysia: Johor Bahru 60 7 0 Kota Kinabalu 60 88 0 Kuala Lumpur 60 3 0 Kuching 60 82 0 Penang 60 4 0 Mongolia (Ulaanbaatar) 976 11 0 Myanmar (Yangon) 95 1 -1.5 Nepal (Kathmandu) 977 1 -2.25 Netherlands: Amsterdam 31 20 -7 New Zealand: Auckland 64 9 +5 Wellington 64 4 +5 Pakistan (Karachi) 92 21 -3 Philippines (Manila) 63 2 0 Qatar 974 - -5 Singapore 65 - 0 South Africa: Johannesburg 27 11 -6 Cape Town 27 21 -6 Sri Lanka (Colombo) 94 11 -2.5 Russia (Moscow) 7 495 -5 Taiwan (Taipei) 886 2 0 Thailand: Bangkok 66 2 -1 Phuket 66 76 -1 United Arab Emirates: Abu Dhabi 971 2 -4 Dubai 971 4 -4 United Kingdom: London 44 20 -8 Edinburgh 44 131 -8 USA: Los Angeles 1 213 -16 New York 1 212 -13 Vietnam: Ho Chi Minh City 84 8 -1 Hanoi 84 4 -1
* Allowance should be made for seasonal time variations
103 OTHER INFORMATION CONVERSION FACTORS
UNIT
LENGTH 10 mm = 1 cm 12 in = 1 ft 100 cm = 1 m 3 ft = 1 yd 1,000 m = 1 km 1,760 yd = 1 mile AREA
10,000 m2 = 1 ha 9 ft2 = 1 yd2 100 ha = 1 km2 4,840 yd2 = 1 acre 640 acre = 1 mile2 VOLUME 1,000 ml = 1 L 0.83 gal. (UK) = 1 gal. (US) 1,000 L = 1 m3 8 pt. (US) = 1 gal. (US) 1,000 cm3 = 1 L 4 qt. (US) = 1 gal. (US)
MASS/FORCE 9.806 N = 1 kg 1,000 lbs. = 1 kip 1,000 g = 1 kg 16 oz = 1 lb 1,000 kg = 1 tonne 2,224 lb = 1 ton 16 tael = 1 catty PRESSURE 1 Pa = 1 N/m2 0.068 atm = 1 psi 1,000 Pa = 1 KPa 14.5 psi = 1 bar 1 Mpa = 1 N/mm2 0.491 psi = 1 in. Hg 0.01kg/cm2 = 1 KPa POWER 1,000 w = 1 kw 550 ft-lb/sec = 1hp 1 w = 1VA x pf*
TEMPERATURE COOLING LOAD 3,024 kcal/hr = 1TR 12,000 BTU/hr = 1TR 1.5 hp = 1TR
Refer to www.online-unit-converter.com , www.dimensionconverter.com for further information.
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CONVERSION FACTORS
TO IMPERIAL TO METRIC (APPROX) (APPROX)
1 in = 25.400 mm 1 cm = 0.394 in 1 ft = 30.480 cm 1 m = 3.281 ft 1 yd = 0.914 m 1 m = 1.094 yd 1 mile = 1.609 km 1 km = 0.621 mile
1 ft2 = 0.093 m2 1 m2 = 10.764 ft2 1 yd2 = 0.836 m2 1 m2 = 1.196 yd2 1 acre = 0.405 ha 1 ha = 2.471 acres 1 mile2 = 2.590 km2 1 km2 = 0.386 mile2
(UK) 1 pt = 0.568 L (UK) 1 L = 1.760 pt (US) 1 pt = 0.473 L (US) 1 L = 2.113 pt (UK) 1 gal = 4.546 L (UK) 1 L = 0.220 gal (US) 1 gal = 3.785 L (US) 1 L = 0.264 gal
1 oz = 28.350 g 1 gram = 0.035 oz 1 lb = 0.454 kg 1 kg = 2.205 lb 1 ton = 1.016 tonne 1 tonne = 0.984 ton 1 catty = 0.605 kg
1 bar = 100 KPa 1 MPa = 145 psi 1 psf = 47.88 Pa 1 kg/cm2 = 14.22 psi 1 psi = 6.895 KPa 1 KPa = 0.295 in.Hg 1 atm. = 101.3 KPa 1 KPa = 20.89 psf
1 hp = 0.746 kw 1 kw = 1.340 hp
(0F - 32) x 5/9 (0C x 9/5) + 32
105 OTHER INFORMATION ARCADIS PROFESSIONAL SERVICES COST MANAGEMENT
• Preliminary cost advice and cost planning • Advice on the type of contractual arrangements to be used • Advice on obtaining tenders • Preparation of tendering documents • Negotiation with contractors • Visiting site and valuation of works in progress • Assessing the cost of proposed variations • Attending site and other meetings • Preparation of financial statements • Settlement of final cost with contractors and sub-contractors • Advice on contractor's claims • Cost engineering • Evaluation and operation of serial (maintenance) contracts • Financial evaluation of "package' bid contracts • Cost and contract research • Advice on litigation
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ARCADIS PROFESSIONAL SERVICES COST MANAGEMENT
Budget Formulation
• Construction Feasibility Studies • Budget Formulation • Analysis of cost/design options • Cost Planning • Value engineering • Cash flow evaluations • Cost monitoring and/or cost control of construction works • Project management or coordination • Reinstatement assessments for fire insurance • Quantifying mechanical and electrical installation works • Quantifying civil engineering works • Definition and operation of plant procurement programmes • Tax treatment of construction expenditure • Research and consultancy in all aspects of construction economics • Interior decoration and fitting-out works • Preparations of fixed asset registers • Environmental certification
107 OTHER INFORMATION ENVIRONMENTAL SUSTAINABILITY
Overview of Leadership in Energy & Environmental Design (LEED)
The U.S. based Leadership in Energy & Environmental Design (LEED) Green Building System is a voluntary third-party rating system in which credits are earned for satisfying specified green building criteria. Projects are evaluated within six environmental categories, as follows:
• Sustainable Sites • Water Efficiency • Energy & Atmosphere • Materials & Resources • Indoor Environmental Quality • Innovation & Design
Certified, Silver, Gold and Platinum levels of green building certification are awarded based on the total points earned.
Pre Design
Sustainable design solutions is more efficient and economical if identified and integrated into the project at an early stage.
• Assist in team selection • Evaluate sustainable concepts and technologies that are applicable to the project. • Conduct a LEED Design Charette • Register the project to LEED Online
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ENVIRONMENTAL SUSTAINABILITY
Design
Establishing clear LEED goals during this stage will ensure that requirements are accounted for in the project cost. • Manage the LEED process by monitoring team responsibilities. • Conduct plan reviews to check if all LEED requirements are incorporated. • Develop Green Specifications. • Perform cost analysis when recommending high-cost strategies. • Liaise with USGBC and GBCI. • Manage the preparaton of LEED documentation for Design Phase Review and ensure these are according to the criteria. • Develop a whole building simulation to demonstrate the projected annual energy savings of the project. • Provide technical support (including calculation methodologies and advise in benefits and implications of sustainable measurer) to the team.
Construction
Normally, a third of the target points are assigned to the Construction team. Proper monitoring and implementation of the agreed green building measures are key in earning/ achieving these targets. • Provide pre-bid conferences and contractor training • Evaluate compliance and progress through submittals and reports from contractor. • Inspect site condition if according to approved guidelines. • Liaise with USGBC and GBCI • Manage the preparation of LEED documentation for Construction Phase (final) Review.
109 OTHER INFORMATION Operations
• Perform post-occupancy project audits - lessons
Being part of LEED
Global Linkage and Credentials
Arcadis Philippines Inc. is a member of US Green Build-ing Council (USGBC) and the Philippine Green Building Council (PhilGBC).
Our environmental sustainability team composed of highly skilled architects and engineers, has the most number green professional accrediatation than any other company - a combination of LEED AP’s, LEED GA’s and Certified BERDE Professionals. The team is further strengthened by a group of building energy analysts.
Building energy analysis includes: • Identification of energy reduction and cost saving measures for new and existing buildings • Development of final models for use in LEED NC/ green building certification • Our simulation service includes: whole building simulation, artificial light simulation, daylight simulation.
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ENVIRONMENTAL SUSTAINABILITY
Energy Modeling
An energy model is a computer simulation based on build- ing design, envelope, orientation, schedule, controls and energy-using systems to predict comparative consumption and expenditures.
BERDE Consultancy
The rating schemes include the minimum requirements and the attainable points for BERDE. You can achieve a BERDE Certificate upon completion of the formal BERDE Assessment and Certification process, complying with the requirements, and achieving the minimum cumulative score.
WELL Consultancy
WELL is composed of over one hundred Features that are applied to each building project, and each WELL Feature is designed to address issues that impact the health, comfort, or knowledge of occupants through design, operations and behavior.
111 OTHER INFORMATION Green Building Facts
• An up-front investment of 5-7% in green building design, on average, results in life cycle savings of 20%of the total construction cost.
Source: The Costs and Financial Benefits of Green Buildings: A report to California’s sustainable Building Task Force, October 2003. • Operating cost decrease by 9% • Decreased Operating Costs Over Five Years:13%-14% • Increased Building Value for Green versus • Non-Green Projects: 7%-8% • Increased Asset Value for Green versus Non-Green • Projects 7% • Payback Time for Green Investments – 6%-8% Years Source: World Green Building Trends 2016 Developing Markets Accelerate Global Green Growth SmartMarket Report, 2016
• By reducing potable water use consumption inside and outside, green buildings can reduce up to 40% of water use. Source: Poplar Network
• The emissions savings potential of green buildings is said to be as much as 84 gigatonnes of CO2 (GtCO2) by 2050, through direct measures in buildings such as energy efficiency, fuel switching and the use of renewable energy • The building sector has the potential to make energy savings of 50% or more in 2050, in support of limiting global temperature rises to 2°C (above pre-industrial levels) Source: World Green Building Council • Green buildings reduce energy use by an average of 15-20%
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PROJECT & PROGRAMME MANAGEMENT
OUR APPROACH
We provide advice and consulting services at strategic, policy and operational levels, concentrating on three key areas:
· Project Feasibility · Project Set-up · Project Delivery
Our multidisciplinary team is skilled in change management, process improvement, procurement, sustainability, economics, market analysis and research. In everything we do, we are committed to creating value for our clients by:
· Working collaboratively with them · Developing a deep understanding of their needs and aspirations · Providing tailor-made solutions · Being accessible and responsive
PROJECT MANAGEMENT
Integrated Project Management is based on four distinctive phases in the project life cycle:
1. Business Needs and Project Inception
In the early stages of a project, Arcadis Philippines Inc. creates the conditions for success by defining a set of value drivers based on an understanding of all stakeholder interests and requirements.
113 OTHER INFORMATION We consider needs, identify risk and can assist with business planning. Where appropriate, we assist with the development of master plans, option appraisals, overseeing of site acquisitions, management of planning consents and advice on funding strategies. We work with clients to manage the appointment of suitable consultants, including the agreement of services and fees.
2. Project Strategy & Development
At the early development stage we compile strategic and design briefs and produce an overall project execution plan. We oversee the production of costs to agree budgets and provide a detailed master programme for project delivery. We recommend the most appropriate procurement strategy and manage the selection of the best value construction team. We provide a single point of contact for the client when dealing with third parties, contractors and suppliers.
3. Project Control & Delivery
Prior to commencing, we make sure that a commercially viable solution has been agreed, that all contracts are administered in the correct form and that necessary management procedures are in place. We set up systems and processes to enable the sharing of information, management of change and identification of potential risks to successful project delivery. We monitor quality, time and costs and provide leadership to the team, resolving issues, liaising with third parties, and reporting on progress as agreed with the client.
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PROJECT & PROGRAMME MANAGEMENT
4. Commissioning & Asset Management
In the final stages of the project, we monitor commissioning, agree completion, settle final accounts and enable the smooth transition of the asset through to ongoing management.
Post-handover, we instigate project reviews and feed lessons learned to the client.
PLANNING
The planning and programming team is a multifunctional group of professionals who are dedicated to the primary management requirement of planning and programming. Our approach is to assist in controlling progress, not simply monitoring it.
Benefits
Professional planning and programming
· Enhances management’s understanding of progress and assists trade-offs and decision making · Reduces uncertainty in project completion deadlines · Avoids costly time overruns · Provides expert advice that designers and clients understand · Gives high quality clear outputs that make a real contribution to project success · Enables corrective action advice to mitigate programme slippages and variations
115 OTHER INFORMATION WATER CONSULTANCY
OUR APPROACH
Having acquired and consolidated a number of major international consulting firms, Arcadis now has a technical and managerial resource unmatched in the Philippines. These resources, include the world leaders in Flood Management, Seismic Engineering, and Climate Change Adaption, all areas of concerns becoming increasingly high-profile in the Philippines.
Our resources and pedigree differentiate us in our capacity to provide comprehensive environmental engineering and management consulting services to solve our client’s increasingly complex water challenges, and enable us to go beyond individual projects, or even programs, and fill the roles of trusted advisor and business partner.
We can create solutions that endure at every phase of the water cycle, however some of our specialized services include:
Water Supply and Treatment
Providing safe water to meet growing demand and increasingly stringent water quality standards, while protecting the environment by providing wastewater treatment systems against a backdrop of ever intensifying population densities.
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WATER CONSULTANCY
Conveyance
Planning, design and construction services for new and rehabilitated trunk sewers, force mains, interceptors, pumping stations and tunnels.
Water Management
Philippines is not only prone to natural calamity and perennial flooding, but is also now recognized as vulnerable to consequences of climate change that will affect water and food security. With our experts in water management, having lead projects such as New Orleans and New York flood defenses, Arcadis aims to enhance the quality, safety and adaptibility of urban and coastal, river and ecosystems of the Philippines.
Water for Industry
Our industrial specialists have a thorough understanding of facility operations and waste generating practices. For a company planning new production operations or updating existing plant, we strive to develop water/ wastewater management strategies that meet regulatory and production objectives.
117 OTHER INFORMATION Business Advisory
To optmize our clients’ ability to manage critical infrastructure by driving better business outcomes, through:
• Asset Valuation • Regulatory Compliance Review • Capital Improvement Planning • Water Demand Projections • Social and Environmental Feasibility Studies
PPP and Infrastructure Consultancy
Here at Arcadis Philippines, we understand that major infrastructure projects are by nature complicated in more ways than one. Being marred with uncertainties and prone to risks, these types of developments require solutions that are cost-effective, sustainable, efficient and delivered where risks are identified at the onset and effectively managed throughout the project’s life cycle.
Being a strong player in the infrastructure industry with significant and in-depth positions in roads, rail, ports and airports, Arcadis can help both the public and private sector to lay the foundations for a better future.
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Our Local Services:
• Cost Management • Environmental Accreditation • Development Management • Project Management • Construction Management • Water Consultancy • Conveyance and Network Consultancy
Our Global Services:
• Architectural Design • Landscape Architecture • Performance Driven Design • Comprehensive Planning • Sustainable Urban Development • Transportation Planning • Urban Planning • Asset Strategy and Performance • Business Transformation and Resiliency • Investment and Finance • Technology and Information • Civil Engineering • Structural Engineering
119 OTHER INFORMATION QUALITY SYSTEM ISO 9001:2015
Arcadis Philippines Inc. recognises the importance of Quality Assurance especially in a country where Quantity Surveying is not a well recognized profession and quality service is of paramount importance.The establishment of a standard quality control system for all aspects of the services being provided, coupled with our in-house staff training programmes, ensures that Arcadis Philippines Inc. continues to provide the best services available to our clients.
The Certification for ISO 9001:2015 and ISO 14001:2015 was issued by BSI (British Standard Institution). BSI is the business standards company that helps over 80 clients worldwide adopt standards of best practice and turn them into habits of excellence. BSI was appointed by Royal Charter as the world’s first national Standards Body to develop standards for the UK and was a founding member of the International Organization for Standardization (ISO). BSI is responsible for originating many of the world’s most commonly used standards incl. ISO 9001 and publishes over 2,500 product specification and business processstandards annually. These standards address today’s issues from sustainable events to nano- technology; spanning sectors including aerospace, construction,healthcare and IT.
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QUALITY SYSTEM ISO 9001:2015 QUALITY MANAGEMENT SYSTEM Arcadis Philippines Inc. operates a Quality Management System which complies with the requirements of ISO 9001:2015 for the provision of Quantity Surveying Services, Environmental Sustainability Services and Development Management Services. The current certification is valid until 12 April 2021.
121 OTHER INFORMATION QUALITY SYSTEM ISO 14001:2015 ENVIRONMENTAL MANAGEMENT SYSTEM Arcadis Philippines Inc. operates an Environmental Management System which complies with the requirements of ISO 14001:2015. The current certification is valid until 12 April 2021. The ISO 14001 standard provides companies and organizations with a flexible framework for the voluntary development of environmental protection measures.
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ARCADIS ASIA SECTORS
AUTOMOTIVE
At the present time we are witnessing a massive shift in the automotive sector. Electric vehicles are rapidly establishing themselves as a credible alternative as their range and performance meets (and exceeds) customer expectation. We are seeing more and more brands developing their own models across the region. In addition, the race for autonomous vehicles is leading to the development of new technologies at a pace that is unprecedented in the sector. We are helping our clients to restructure their manufacturing bases to meet shifting global demand, to remodel production lines for the new models demanded by customers, and to invest in the new supply chain technology.
Automotive retail continues to be fiercely competitive, with digital technology entering this space creating a more immersive buying experience. The race to roll out new retail formats around the globe requires lean and efficient delivery models and global standardization, supply chains and logistics.
AVIATION
The recent successful launches of new airframe technologies has caused airports to rethink how they can service larger passenger planes, and, with the prospect of new routes being enabled by longer range and new airframe formats, we expect to see further expansion and development of airports around the globe.
Domestic air travel and cargo hubs are also among popular areas of investment in aviation sector. Investment in domestic air travel is essential, as passengers demand an experience comparable with the best international airports. New cargo hubs are planned to meet ‘same day’ delivery expectations from online retailers and logistics firms. We expect to see continued investment and demand for high quality design and engineering solutions.
123 OTHER INFORMATION CHEMICALS & PHARMACEUTICALS
The chemical and pharmaceutical industry faces a diverse range of challenges across globe. Growing and ageing populations have created rising demands for medication and more effective cures for diseases. Asia is no exception, despite Asia having a relatively younger population compared the other regions. It is also important to take note that approximately two thirds of total global demand growth for chemicals is expected to be generated in Asia.
In order to stay ahead of the competition, we work with our clients across Asia to improve their supply chain and secure their pipelines. The chemicals and pharmaceuticals industry will continue to be ‘on the move’ to Asia with rapid development in the future to fulfill demand coming from Asia and beyond.
COMMERCIAL DEVELOPERS
Commercial developers are a significant proportion of our market in Asia, especially in those countries where the economy is driven by investment in property. In the last 10 years China, for example, has been fuelled by demand for properties as a result of rapid urbanization, and this is also now the case in countries such as Vietnam and the Philippines.
All building types, including commercial offices, residential, leisure, hospitality and retail, are confronted with ever increasing challenges in terms of efficiency of land use, planning compliance, product positioning, cost, quality, impact on communities, sustainability and also market competitiveness. The commercial developer sector will continue to play a key role in all economies across Asia.
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ARCADIS ASIA SECTORS
FINANCIAL INSTITUTIONS
Driving better investment and asset performance and improving sustainable returns in current challenging markets is the key focus of our sector specialists. Through utilizing unique market insight, such as our global asset performance benchmarks, our deep technical knowledge, and an unrivalled global track record in working with financial institutions, we are able to define solutions to meet client needs and to enhance their business outcomes.
OIL AND GAS
Rising production costs and unpredictable prices put oil & gas clients under more pressure than ever. Growing complexities of shifting environmental legislation combined with an increased need for asset decommissioning, oil & gas has become a complex and rapidly evolving sector.
We partner with global oil & gas clients to maximize returns on our clients’ investments, through better management of project risks and costs, and improvement of opex performance. We work across the asset lifecycle from concept through to decommissioning. We bring together upstream & downstream expertise and understanding from a broad base of capabilities including cost & risk management, environmental management, project management and maintenance strategy.
RAIL
Rapid large scale urbanization, tight budgets and environmental sensitivity require innovative approaches to deliver advanced infrastructure. With our expertise in rail, and our transformational thinking, clients rely on us to improve performance and connect communities across countries and regions.
In Asia, we have been involved in providing engineering design, cost management, contract administration, risk
125 OTHER INFORMATION management, business advisory and mobility oriented design for numerous metro and high speed rail projects in Hong Kong, Mainland China, Taiwan, Singapore and Malaysia.
PORTS AND WATERWAYS
Ports are at the heart of globalization, facilitating the spread of trade and prosperity. The rapid growth of Asia has seen a substantial investment in port and logistics infrastructure, but also increasing competition between ports, and a focus on raising productivity and service quality. At the same time, it is increasingly necessary to respond to public concerns about environmental and safety issues.
Delivering sustainable growth is a great challenge and requires know-how and expertise across a broad range of disciplines. We offer governments, port institutions, private terminal operators, investors and shipping lines all the disciplines necessary for an integrated approach and the delivery of successful outcomes, whether in the technical, operational, nautical, environmental, risk, financial or economic arena.
RETAIL & CONGLOMERATES
As the world of retail faces the fiercest competition yet due to a change in the traditional retail landscape and the rapid development of online retail industry, we work with our retail clients to gain a competitive advantage in their market expansion or re-branding. It is essential for us to tailor our services to fit client strengths and needs, to minimize spend and achieve the best solution for each individual company.
With unrivaled experience across all facets of retail development, from luxury and sports fashion to cosmetics, supermarkets and restaurant chains, we help our clients successfully navigate through complex challenges in retail development.
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ARCADIS ASIA SERVICES
BUSINESS ADVISORY
From rapid urbanization and pressure on natural resources, to tighter regulation and market consolidation, we live in an increasingly complex world. In Arcadis you have a partner that understands your business challenges and has first-hand experience of the assets you own and operate. We bring unique insights which support you in getting better results with more certainty.
COST MANAGEMENT Be it a high-rise office building, a state-of-the-art rail station or a large scale industrial development, the need to achieve value for money is central to every investment strategy.
Our people understand the need to accurately advise on costs and procurement at planning stage, ensuring a development or program is both economically and environmentally viable for many years to come.
ENVIRONMENT
We all deserve a clean, safe environment in which to live Now more than ever, businesses and governments recognize the need to incorporate environmental concerns into their decision making. Arcadis is a global leader in inventive technical and financial approaches, helping some of the world’s leading corporates and governments understand their impact on the natural world.
127 OTHER INFORMATION PROJECT & PROGRAMME MANAGEMENT
Organizing the creation of the world’s largest, most complex and iconic programs of work in the built and natural environment today is no easy task. Budgets, supply chains, health and safety, timeframes and the large number of parties involved can be daunting.
At Arcadis, we work alongside our clients to create the right strategy, manage and mitigate risk, and assure the outcomes to meet our clients’ business objectives and create exceptional value.
WATER
From source to tap and then back to nature, the planet’s most precious resource should be cherished.
Thanks to over a century of experience in the water sector, Arcadis’ specialist teams around the globe are uniquely positioned to provide safe and secure water technology that is built to withstand the demands of a rapidly changing world.
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ARCADIS ASIA LEADERSHIP TEAM
Glenn Lutz Eric de Kruif Chief Executive Officer, Asia Chief Financial Officer, Asia [email protected] [email protected]
Niek Niens Adam Sutton Chief Operating Officer, Asia HR and Change Director [email protected] [email protected]
Carl Watson Penny Murphy General Counsel, Asia Head of Digital Transformation [email protected] [email protected]
Loo Ming Chee Grant Sprick Technical Innovation Lead Head of HSEQ, Asia [email protected] [email protected]
129 OTHER INFORMATION Justin Teoh Francis Au Head of Malaysia Head of Hong Kong & Macau [email protected] [email protected]
Joe Chan Andrew Chan Head of China East Head of China North [email protected] [email protected]
Weibin Xu Tim Risbridger Head of China South & West Head of Singapore [email protected] [email protected]
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ARCADIS PHILIPPINES LEADERSHIP TEAM
Ross McKenzie Country Head [email protected]
Darneil Perez Brian Parsons Executive Director Executive Director Cost & Commercial BU Lead GCO Lead [email protected] [email protected]
Michael Hearn Monina Munsayac Director Director Operations & Business Cost & Commercial BU Lead Development [email protected] [email protected]
Carla Cruz Paul Magbanua Director Director Environment BU Lead Operations Lead Water [email protected] [email protected]
131 OTHER INFORMATION DIRECTORY OF OFFICES
PHILIPPINES MANILA ARCADIS PHILIPPINES INC 25th Floor, Circuit Corporate Center One Circuit Makati, A.P. Reyes Street, Brgy. Carmona Makati City 1207 Philippines
GPS : 14.57333, 121.01802 Tel : (63 2) 908 2888 Email : [email protected] Contact : Ross McKenzie / Darneil Perez/ Brian Parsons / Michael Hearn/ Monina Munsayac / Carla Cruz/ Paul Magbanua
CEBU 12F, 2Quad Building Cardinal Rosales Avenue Cebu Business Park Cebu City 6000 Philippines GPS : 10.3142574, 123.9053502 Tel : (63 32) 232 2200 Fax : (63 32) 260 3699 Email : [email protected] Contact : Ross McKenzie / Darneil Perez/ Brian Parsons / Michael Hearn/ Monina Munsayac / Carla Cruz/ Paul Magbanua
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DIRECTORY OF OFFICES
CHINA HONG KONG ARCADIS HONG KONG LIMITED 17/F, Two Harbour Square, 180 Wai Yip Street, Kwun Tong, Kowloon, Hong Kong GPS : 22.310065, 114.221216 Tel : (852) 2911 2000 Fax : (852) 2911 2002 Email : [email protected] Contact : Francis Au
BEIJING BEIJING ARCADIS CONSTRUCTION CONSULTANCY CO., LTD Suite 1225 - 1242, South Wing Central Tower, Junefield Plaza 10 Xuan Wu Men Wai Street Beijing 100052 China GPS : 39.896738, 116.375676 Tel : (86 10) 6310 1136 Fax : (86 10) 6310 1143 Email : [email protected] Contact : Andrew Chan
CHANGSHA ARCADIS CONSULTANCY (SHANGHAI) CO. LTD. CHANGSHA BRANCH Room 2315 - 2317, HUAYUAN International Center No. 36 Section 2 Xiangjiang Middle Road Tianxin District Changsha, Hunan Province 410002 China GPS : 28.195233, 112.976893 Tel : (86 731) 8277 2500 Fax : - Email : [email protected] Contact : Chen Yong
133 OTHER INFORMATION CHENGDU ARCADIS CONSULTANCY (CHENGDU) CO. LTD. Room 807, Block A Times Plaza 2 Zongfu Road Chengdu Sichuan Province 610016 China GPS : 30.656666, 104.080567 Tel : (86 28) 8671 8373 Fax : (86 28) 8671 8535 Email : [email protected] Contact : Gary Lin / Marco Foo
CHONGQING ARCADIS CONSULTANCY (CHENGDU) CO. LTD. CHONGQING BRANCH Room 3409 - 3410, International Trade Centre 38 Qing Nian Road Central District Chongqing 400010 China GPS : 29.556331, 106.574332 Tel : (86 23) 8655 1333 Fax : (86 23) 8655 1616 Email : [email protected] Contact : Gary Lin
DALIAN BEIJING ARCADIS CONTRUCTION CONSULTANCY CO. LTD. DALIAN BRANCH Unit 07, 32F, Xiwang Tower 136 Zhongshan Road Zhongshan District Dalian Liaoning Province 116001 China GPS : 38.914864, 121.631245 Tel : (86 411) 8800 8018 Fax : (86 411) 8800 8823 Email : [email protected] Contact : Kenn Ng
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FOSHAN ARCADIS CONSULTANCY (SHENZHEN) CO. LTD. FOSHAN BRANCH RM. 1002-1004, 10/F, Lingnan Tiandi, Zu Miao Road, Foshan Guangdong Province 528000, China GPS : 23.031224,113.11278 Tel : (86 757) 8203 0028 Fax : (86 757) 8203 0029 Email : [email protected] Contact : Dickey Lee
GUANGZHOU ARCADIS CONSULTANCY (SHENZHEN) CO. LTD. GUANGZHOU BRANCH 3A10 - 18 Unit, 3A/F Bank of America Plaza 555 Ren Min Zhong Road Guangzhou Guangdong Province 510145 China GPS : 23.123148, 113.253628 Tel : (86 20) 8130 3813 Fax : (86 20) 8130 3812 Email : [email protected] Contact : Xu Wei Bin
HAIKOU ARCADIS CONSULTANCY (SHENZHEN) CO. LTD. HAIKOU BRANCH Unit B 10/F Times Square 2 Guomao Road, Haikou Hainan Province 570100, China GPS : 20.029509,110.326235 Tel : (86 898) 6652 7808 Fax : (86 898) 6652 7809 Email : [email protected] Contact : Yi Zheng Gang
135 OTHER INFORMATION HANGZHOU ARCADIS CONSULTANCY (SHANGHAI) CO. LTD. HANGZHOU BRANCH Room 1306, WinNing International 100 Min Xin Road Hangzhou Zhejiang Province 310016 China GPS : 30.251755, 120.218913 Tel : (86 571) 2829 7766 Fax : (86 571) 2829 7622 Email : [email protected] Contact : Alex Zou
HENGQIN ARCADIS CONSULTANCY ZHUHAI HENGQIN CO. LTD. HENGQIN BRANCH 7/F, 156 Nan Shan Ju Road Hengqin, Zhuhai Guangdong Province 519031 China GPS : 22.142774, 113.544438 Tel : (86 756) 868 8986 Fax : (86 756) 868 8969 Email : [email protected] Contact : Stanley Wan
MACAU ARCADIS MACAU LIMITED Avenida da Praia Grande, No. 594 Edificio BCM, 12th Floor Macau GPS : 22.192210, 113.541252 Tel : (853) 2833 1710 Fax : (853) 2833 1532 Email : [email protected] Contact : Katherine Chan
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NANJING ARCADIS CONSULTANCY (SHANGHAI) CO. LTD. NANJING BRANCH 1104 South Tower Jinmao Plaza 201 Zhong Yang Road Nanjing Jiangsu Province 210009 China GPS : 32.071984, 118.783443 Tel : (86 25) 5791 1860 Fax : (86 25) 6698 1860 Email : [email protected] Contact : Taofen Chen
QINGDAO ARCADIS CONSULTANCY (SHANGHAI) CO. LTD. QINGDAO BRANCH Room 2008, 20/F, HNA Center 234 Yan An San Road Shinan District Qingdao Shangdong Province 266071 China GPS : 36.060852, 120.375351 Tel : (86 532) 8280 1818 Fax : (86 532) 8280 1881 Email : [email protected] Contact : Andy Feng
SHANGHAI ARCADIS CONSULTANCY (SHANGHAI) CO. LTD. 11th Floor, Building C, The Place No. 150, Zunyi Road Changning District Shanghai 200051 China GPS : 31.207363, 121.407984 Tel : (86 21) 6026 1300 Fax : (86 21) 6026 1800 Emai : [email protected] Contact : Joe Chan
137 OTHER INFORMATION SHENYANG BEIJING ARCADIS CONSTRUCTION CONSULTANCY CO. LTD. SHENYANG BRANCH Room 3013 - 3015, Office Tower 1 Forum66, 1-1 Qingnian Avenue Shenhe District Shenyang Liaoning Province 110063 China GPS : 41.799603, 123.433787 Tel : (86 24) 3195 8880 Fax : (86 24) 3128 6983 Email : [email protected] Contact : Simon Chow
SHENZHEN ARCADIS CONSULTANCY (SHENZHEN) CO. LTD. Room 1001, AVIC Centre 1018 Huafu Road Shenzhen Guangdong Province 518031 China GPS : 22.543241, 114.082051 Tel : (86 755) 2598 1841 Fax : (86 755) 2598 1854 Email : [email protected] Contact : Kenneth Lo / Ricky Ho
SUZHOU ARCADIS CONSULTANCY (SHANGHAI) CO. LTD. SUZHOU BRANCH Room 906, The Summit 118 Suzhou Avenue West Suzhou, Jiangsu Province 215021 China GPS : 31.315966, 120.669099 Tel : (86 512) 8777 5599 Fax : (86 512) 8777 5600 Email : [email protected] Contact : Zhang Rui
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TIANJIN BEIJING ARCADIS CONSTRUCTION CONSULTANCY CO. LTD. TIANJIN BRANCH 4002, 40/F Tianjin World Financial Centre Office Tower 2 Dagubei Road He Ping District Tianjin 300020 China GPS : 39.129619, 117.202758 Tel : (86 22) 2329 8611 Fax : (86 22) 2319 3186 Email : [email protected] Contact : Kenn Ng
WUHAN ARCADIS CONSULTANCY (SHANGHAI) CO. LTD. WUHAN BRANCH Room 1703, Citic Pacific Mansion No. 1627 Zhongshan Avenue Jiangan District Wuhan, Hubei Province 430 010 China GPS : 30.616813, 114.317276 Tel : (86 27) 5920 9299 Fax : (86 27) 5920 9298 Email : [email protected] Contact : Wong Chin Ying
XI’AN ARCADIS CONSULTANCY (SHENZHEN) CO. LTD. XI’AN BRANCH Room 1606 - 1607, CapitaMall Office Building 64 South Second Ring Western Xi’an Shaanxi Province 710065 China GPS : 34.230397, 108.934893 Tel : (86 29) 8866 9711 Fax : (86 29) 8866 9760 Email : [email protected] Contact : Wang Zhu Zhu
139 OTHER INFORMATION INDIA BANGALORE ARCADIS INDIA PRIVATE LIMITED 135, 4th Floor, RMZ Titanium Old Airport Road, Kodihalli Bangalore 560017 India Tel : (91 80) 4123 9141 Fax : - Email : [email protected] Contact : Sreekanth A P V
DELHI ARCADIS INDIA PRIVATE LIMITED 3rd Floor, Tower B, Logix Techno Park, Plot No.5, Sector 127, Noida 201 304, Uttar Pradesh India Tel : (91 120) 436 8400 Fax : (91 120) 436 8401 Email : [email protected] Contact : Sreekanth A P V
MUMBAI ARCADIS INDIA PRIVATE LIMITED #1001, 10th Floor, Vishwaroop Infotech Park Plot No. 34, 35, 38, Sector 30A, Vashi, Navi Mumbai – 400 705 Maharashtra India Tel : (91 22) 4125 6060 Fax : (91 22) 4125 6050 Email : [email protected] Contact : Sreekanth A P V
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INDONESIA BALI P.T. ARCADIS INDONESIA Level 2, Alamanda Office Jalan By Pass Ngurah Rai No. 67 Banjar Pengenderan, Kedonganan Bali 80361 Indonesia GPS : 8.7893, 115.2106 Tel : (62 361) 472 5353 Fax : (62 361) 472 5354 Email : [email protected] Contact : Putu Arya Canti
JAKARTA P.T. ARCADIS INDONESIA Level 18, Ratu Plaza Office Tower Jalan Jenderal Sudirman 9 Jakarta 10270 Indonesia GPS : 6.2271, 106.8008 Tel : (62 21) 739 7550 Fax : (62 21) 739 7846 Email : [email protected] [email protected] Contact : Ben McGeachie / Haelly Hamid/ Gary Miles / Natalia Pujiyanti
141 OTHER INFORMATION MALAYSIA SELANGOR JUBM SDN BHD ARCADIS (MALAYSIA) SDN BHD ARCADIS PROJEKS SDN BHD ARCADIS CONSULTANCY SDN BHD Level 5, Menara TSR 12 Jalan PJU 7/3, Mutiara Damansara 47810 Petaling Jaya Selangor Darul Ehsan, Malaysia GPS : 3.1616, 101.6129 Tel : (60 3) 2106 8000 Fax : (60 3) 2106 9090 Email : [email protected] Contact : Justin Teoh / Nur Aziz Abu Bakar / Syed Mahadzir Syed Ahmad / Rozila Abdul Rahman / Yap Sai Hoe / Jeffrey Lim
JOHOR 47, Jalan Setia Tropika 1/30 Taman Setia Tropika 81200 Johor Bahru Johor Darul Takzim Malaysia GPS : 1.5422, 103.7111 Tel : (60 7) 232 8300 Fax : (60 7) 232 8232 Email : [email protected] Contact : Syed Mahadzir Syed Ahmad / Tan Pei Ling
PENANG Suite 3A-3, Level 3A, Wisma Great Eastern No. 25, Lebuh Light 10200 Penang Malaysia GPS : 5.4201, 100.3408 Tel : (60 4) 264 2071 / 264 2072 / 264 2073 Fax : (60 4) 264 2068 Email : [email protected] Contact : Nur Aziz Abu Bakar / Yeng Khiam Jin
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SABAH Suite 8A, 8th Floor, Wisma Pendidikan Jalan Padang P.O. Box 11598 88817 Kota Kinabalu, Sabah Malaysia GPS : 5.9783, 116.0761 Tel : (60 88) 223 369 / 223 371 Fax : (60 88) 216 537 Email : [email protected] Contact : Jeffrey Lim / VK Wong
SARAWAK JUBM SDN BHD No. 2 (3rd Floor), Jalan Song Thian Cheok 93100 Kuching, Sarawak Malaysia GPS : 1.5532, 110.3532 Tel : (60 82) 232 212 Fax : (60 82) 232 198 Email : [email protected] Contact : Nor Azman Bin Baharum
143 OTHER INFORMATION SINGAPORE ARCADIS SINGAPORE PTE LTD 1 Magazine Road #05-01 Central Mall Singapore 059567 GPS : 1.288526, 103.842085 Tel : (65) 6222 3888 Fax : (65) 6224 7089 Email : [email protected] Contact : Khoo Sze Boon / Lorimer A. Doig
ARCADIS PROJECT MANAGEMENT PTE LTD 1 Magazine Road #05-01 Central Mall Singapore 059567 GPS : 1.288526, 103.842085 Tel : (65) 6222 3888 Fax : (65) 6224 7089 Email : [email protected] Contact : Tim Risbridger
THAILAND BANGKOK ARCADIS (THAILAND) LTD 6th Floor, Kian Gwan II Building 140/1 Wireless Road, Lumpini, Pratumwan Bangkok 10330, Thailand GPS : 13.734969, 100.545448 Tel : (66 2) 253 1438 Fax : (66 2) 253 4977 Email : [email protected] Contact : Ang Yen Kooi / Wong Soon Bin
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VIETNAM HO CHI MINH CITY L12-03, Level 12, Vincom Center B 72 Le Thanh Ton Street Ben Nghe ward District 1 Ho Chi Minh City Vietnam GPS : 10.777936, 106.702265 Tel : (84 28) 3823 8297 Fax : (84 28) 3823 8197 Email : [email protected] Contact : Mark Olive
145 OTHER INFORMATION ARCADIS ASIA HEADQUARTERS HONG KONG ARCADIS ASIA LIMITED ARCADIS ASIA REGIONAL HEADQUARTERS LIMITED 17/F, Two Harbour Square, 180 Wai Yip Street, Kwun Tong, Kowloon, Hong Kong GPS : 22.310065, 114.221216 Tel : (852) 2911 2000 Fax : (852) 2911 2002 Email : [email protected] Contact : Glenn Lutz, CEO, Asia/ Eric De Kruif, CFO Asia
ARCADIS HEADQUARTERS AMSTERDAM ARCADIS NV “Symphony” Gustav Mahlerplein 97-103 1082 MS Amsterdam P.O. Box 7895 1008 AB Amsterdam The Netherlands Tel : (31 20) 201 1011 Fax : (31 20) 201 1002 Email : [email protected] Website : www.arcadis.com Contact : Greg Steele, Group Executive – Asia Pacific
OTHER INFORMATION 146 ARCADIS PHILIPPINES INC. 25F, Circuit Corporate Center One Theater Drive, Circuit Makati, A.P. Reyes Street, Brgy. Carmona, Makati City 1207, Philippines Tel: (632) 908 2888 Email: [email protected]
www.arcadis.com/asia